$12 Billion Price Tag on BP’s Egypt Development

Monday, March 9, 2015

BP says the development of the West Nile Delta (WND) concession will require investments of around $12 billion. Word of the tab for the development comes as the deal to develop the concession’s 5 Tcf of gas resources and 55 million barrels of condensates is finalized.

BP said March 6 that production from the project was expected to reach up to 1.2 Bcf/d.  Production is expected to start in 2017.

BP North Africa Regional President, Hesham Mekawi said: “BP expects to double its current gas supply to the Egyptian domestic market during this decade when the WND (West Nile Delta) project reaches its peak production.”

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