Tag: Zohr gas field

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

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

  

  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.