BP Egypt: Huge gas well discovered
BP Egypt announced Wednesday that it had drilled a successful well, Giza North-1, in the North Alexandria concession held by BP, RWE Dea and EGPC/EGAS. The well encountered a significant gas accumulation as part of a large channel complex.
It is estimated that the Giza complex contains more than 1 trillion cubic feet of gas and another well is planned to be drilled to further appraise the complex in April 2007.
The rig will shortly move onto the next appraisal well in the Taurus field as part of a planned four well appraisal programme in the North Alexandria concession.
Hesham Mekawi, President and General Manager of BP Egypt stated: "This successful result further demonstrates BP's commitment to continued investment in exploration, appraisal and development activities in the Nile Delta and its co-operation with the Ministry of Petroleum to provide new gas discoveries and incremental supply to meet future growth of the gas business in Egypt."