{"id":627409,"date":"2018-07-31T03:49:10","date_gmt":"2018-07-31T03:49:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/"},"modified":"2018-07-31T03:49:10","modified_gmt":"2018-07-31T03:49:10","slug":"egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/","title":{"rendered":"EGPC signs USD 46 mn oil and gas exploration agreement with BP"},"content":{"rendered":"

The Egyptian General Petroleum Corporation (EGPC) signed a USD 46 mn agreement with BP yesterday for oil and gas exploration the in Gulf of Suez, according to a statement picked up by Ahram Gate<\/a>. The agreement also includes a USD 4 mn to cover the cost of drilling three wells. The Oil Ministry said it is currently finalizing procedures for 13 other agreements that will be announced soon. The new agreement comes as the government steps up exploration activities<\/a> in FY2018-19 as Egypt marches toward natural gas self-sufficiency and bids to become a regional energy export hub<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian General Petroleum Corporation (EGPC) signed a USD 46 mn agreement with BP yesterday for oil and gas exploration the in Gulf of Suez, according to a statement picked up by Ahram Gate. The agreement also includes a USD 4 mn to cover the cost of drilling three wells. The Oil Ministry said it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627409","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"57d487ca-93e5-4ccf-ac5e-dfc299338b56","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"EGPC signs USD 46 mn oil and gas exploration agreement with BP","related_issue":[627382],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.8e085268-1ae0-4549-a4ec-18542c13b8b8.mp3"},"yoast_head":"\nEGPC signs USD 46 mn oil and gas exploration agreement with BP - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGPC signs USD 46 mn oil and gas exploration agreement with BP\" \/>\n<meta property=\"og:description\" content=\"The Egyptian General Petroleum Corporation (EGPC) signed a USD 46 mn agreement with BP yesterday for oil and gas exploration the in Gulf of Suez, according to a statement picked up by Ahram Gate. The agreement also includes a USD 4 mn to cover the cost of drilling three wells. The Oil Ministry said it […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-31T03:49:10+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGPC signs USD 46 mn oil and gas exploration agreement with BP\",\"datePublished\":\"2018-07-31T03:49:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/\"},\"wordCount\":106,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/\",\"name\":\"EGPC signs USD 46 mn oil and gas exploration agreement with BP - 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The key takeaways and announcements: ECHEM signs agreement with previously unknown English consortium for USD 8.5 bn Alamein petrochem facility: The Egyptian Petrochemicals\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567140,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/dragon-oil-completes-acquisition-of-bp-gulf-of-suez-assets\/","url_meta":{"origin":627409,"position":2},"title":"Dragon Oil completes acquisition of BP Gulf of Suez assets","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"M&A WATCH- Dragon Oil completes USD 500 mn acquisition of BP\u2019s Gulf of Suez assets: Emirates National Oil Company (ENOC) subsidiary Dragon Oil has wrapped up its acquisition of BP\u2019s Gulf of Suez asset for USD 500 mn, the Oil Ministry said in a statement (pdf). 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