BP hits Egypt gas pay

BP on Monday announced a gas discovery offshore Egypt in the East Nile Delta’s North Damietta concession area.

The discovery of 37 metres of net gas pay was made by the Qattameya Shallow-1 exploration well, drilled to 1,961 metres in 108 metres of water by the El Qaher II jack-up rig.

“Qattameya marks our third discovery in the block where we are already developing the Atoll field and appraising the Salamat discovery. This latest discovery confirms our belief that the Nile Delta is a world-class basin,” CEO Bob Dudley said in a press release.

According to BP North Africa Regional President Hesham Mekawi, the find bodes well for the future development of the available resources.

“We are delighted to sustain our success in these shallow Pliocene targets. We believe development of Qattameya could help unlock the resources in other nearby discoveries with similar shallow low pressure characteristics,” he said.