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Montevideo, September 22nd 2018 - 01:52 UTC

Tag: Bob Dudley CEO BP

  • Saturday, November 26th 2016 - 12:43 UTC

    BP buys into Egypt's super giant Zohr gas field, the largest in the Mediterranean

     The Zohr field was discovered by Eni in August 2015; six wells have so far been successfully drilled on the field located approximately 190kms north of Port Said

    BP announced on Friday that it has agreed to buy from Eni a 10% interest in the Shorouk concession offshore Egypt, which contains the super-giant Zohr gas field, for US$375 million. On closing, BP will also reimburse Eni for BP's share of past expenditure. As part of the agreement, BP also has an option before the end of 2017 to buy a further 5% interest in the concession under the same terms.