Nader Zaki, BP’s Regional President for the Middle East and North Africa, reaffirmed the company’s commitment to its exploration and drilling plans in the Mediterranean.
During a meeting with Egyptian Petroleum Minister Karim Badawi in Cairo, Zaki emphasized the importance of BP’s collaboration with Egypt to support the development of gas resources.
The ongoing drilling of two new wells in Egypt’s Raven field, located in the West Nile Delta, involves an investment of $200 million and is expected to produce 200 million cubic feet of gas per day. This is part of BP’s broader efforts to develop gas resources in the Mediterranean.
Minister Badawi reiterated Egypt’s full support for BP’s plans to increase production and continue their work in the country. He highlighted the government’s commitment to creating a favorable investment climate and attracting international companies to help boost local oil and gas production and reduce import costs.
The meeting also discussed new opportunities for gas exploration through a global tender launched by the Egyptian Natural Gas Holding Company (EGAS) via the Egypt Digital Exploration and Production Gateway, providing accessible information and investment opportunities for companies.
