BP Makes 3rd Discovery in North Damietta Concession in Egypt
March 27 2017 - 5:45AM
Dow Jones News
By Ian Walker
LONDON--BP PLC (BP.LN) said Monday it had made a third gas
discovery in its 100%-owned North Damietta offshore concession in
the East Nile delta of Egypt.
The Qattameya shallow-1 exploration well was drilled to a total
depth of 1,961 metres, the oil supermajor said, and the presence of
37 metres of net gas pay has been confirmed, in high-quality
Pliocene sandstones.
Options to tie the discovery back to nearby infrastructure are
being studied, BP said.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
March 27, 2017 05:30 ET (09:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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