BP makes third gas discovery in Egypt’s North Damietta Concession

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CAIRO (Reuters) – BP has made a gas discovery in the North Damietta Offshore Concession in Egypt’s East Nile Delta, its third in the block, it said on Sunday.

The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of around 108 metres, the company said.

“This latest discovery confirms our belief that the Nile Delta is a world-class basin,” BP Chief Executive Bob Dudley said in a statement.

The well is 60 kilometres (37 miles) north of Damietta city in northern Egypt. BP has 100 percent equity in the discovery.

BP produces around 40 percent of Egypt’s total gas.

 

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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