BP’s Libra and Taurus offshore fields have added 700mn cfd to Egypt’s gas output since their late-March start up. Eni and BP’s Noroos field has also ramped up, hitting 1bn cfd. And Eni’s Zohr is set to add 1bn cfd from December. But the same companies’ other fields offshore Egypt remain in steep decline.

Oil majors, like companies everywhere, shout about the gains but keep quiet on the losses. Nowhere is this more true than offshore Egypt, where a steady stream...