17th Feb 2025 15:37
(Alliance News) - 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.
By Eva Castanedo, Alliance News reporter
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