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Wednesday, 28 September 2016

BP signs amendments to concessions, to expand Nooros output in 2017

BP announced it signed amendments to the Temsah, Ras El Barr, and Nile Delta Offshore concessions, allowing for the development of the Nooros field, Reuters reported. Regional President of BP North Africa, Hesham Mekawi, said the company is “proud to progress the acceleration of its drilling activities in the three concession areas. The conclusion of these amendments was a critical milestone that allowed the discovery and fast track development of the Nooros field.” Nooros, which is jointly controlled with Eni, was producing at 700 mcf/d in September and is targeted to reach 880 mcf/d by early 2017. You can read BP’s statement and a concession map here.

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