BP Sanctions Atoll Phase One Project in Egypt

21 Jun 2016   Egypt

BP sanctions the development of the Atoll Phase One project in Egypt. BP announced Monday that, together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned the development of the Atoll Phase One project in Egypt. The project is an early production scheme that will bring up to 300 million cubic feet per day gross of gas to the Egyptian domestic gas market, starting in the first half of 2018. BP has a 100 percent interest in the concession. “BP is proud to progress the acceleration of the Atoll project which will bring critical gas to the Egyptian market and establish a new material hub offshore East Nile Delta,” said Hesham Mekawi, regional president, BP North Africa, in a company statement. “Our confidence in the prospectivity of the area along with our ongoing commitment to Egypt and our successful history of partnership with the Ministry of Petroleum, […]

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