BP Kicks Off New Phase of Gas Production in Egypt’s West Nile Delta Project

Mon 17 Feb 2025 | 12:11 AM | Africazine

In exciting news for Egypt’s energy sector, BP has officially announced the start of production from the second phase of its impressive Raven field development. This initiative is part of the West Nile Delta project and promises to boost the country’s gas supply significantly. The new phase centers around the connection of additional subsea wells to the existing onshore infrastructure, marking a notable advancement in the country’s energy landscape.

As the main operator of the project, BP holds a commanding 82.75% stake, while Harbour Energy holds a smaller 17.25%. This partnership highlights an ongoing commitment to enhance Egypt’s energy capabilities, especially in natural gas production. The anticipated output from the newly connected wells is substantial, with projections of around 220 billion cubic feet of gas and 7 million barrels of condensates.

One of the most striking elements of this project is its acceleration. The government of Egypt, through its Petroleum Minister Karim Badawi, played an essential role in this rapid progression. By agreeing to a prompt drilling schedule and committing to timely payments to BP, the Egyptian government has demonstrated a proactive approach to energy production that ensures mutual benefit.

To further incentivize foreign investments in gas production, Egypt has unveiled new incentives aimed at international companies. Notably, part of these incentives includes allowing firms to export a certain percentage of their new production. This strategy not only supports the financial viability of foreign companies but also serves to enhance Egypt’s own economic landscape, as export proceeds can be redirected to cover operational dues.

This latest development underscores Egypt’s strategic efforts to position itself as a pivotal player in the global energy market, with significant benefits for both local communities and international partners. As BP continues to expand its operations, the collaborative relationship between the government and foreign energy firms is likely to yield substantial dividends.

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