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

Saturday, November 26th 2016 - 12:43 UTC
Full article 2 comments

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. Read full article


Disclaimer & comment rules
  • Fidel_CasTroll

    BP bought it? The map should be colored black then.

    Nov 26th, 2016 - 01:29 pm - Link - Report abuse 0
  • Juan-Nichols

    There's how we win in the Middle East, allow BP to build the pipelines and oil infrastructure.

    Nov 27th, 2016 - 03:37 pm - Link - Report abuse 0

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