MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


BP starts second phase of Egypt’s Raven gas field ahead of plan

ALN

BP PLC on Monday said it has started production from the second development phase of the Raven gas field offshore Egypt ahead of schedule, boosting gas output as part of its West Nile Delta project.

The London-based oil major said the project involved tying back additional Raven infill wells to existing onshore infrastructure. BP, the operator, holds around an 83% stake in the project, while Harbour Energy PLC owns the remaining 17%. The new wells are expected to produce approximately 220 billion cubic feet of gas and 7 million barrels of condensate.

BP said the project was completed safely ahead of schedule, accelerating the start of production. The company said the additional output will help meet Egypt’s growing domestic energy demand by leveraging existing infrastructure.

Regional President for the Middle East & North Africa Nader Zak said: ‘Since January 2024, we have not stopped drilling for one day. This further demonstrates BP’s commitment to investing in Egypt, enabled by the unparalleled support and partnership with the Ministry of Petroleum.’

The West Nile Delta gas development includes several gas condensate fields in the North Alexandria and West Mediterranean Deepwater concessions. The Raven field, which began production in early 2021, is located up to 65 kilometres offshore in water depths ranging from 550 to 700 meters.

Shares in BP were down 0.9% at 463.8 pence in London on Monday afternoon.

Copyright 2025 Alliance News Ltd. All Rights reserved.