VOL. XLIV

No 30

23-July-2001

EGYPT

BP Announces Gas Find In Offshore North AlexandriaConcession

BP Egypt announced on 13 July that it had made a newgas discovery with its Libra (K-1X) well some 40km off Egypt痴 northern coast inthe North Alexandria Concession Area. In a statement, the company saidpreliminary estimates put the discovery痴 reserves at 500bn cu ft, bringing thetotal estimated reserves of BP痴 five discoveries in the Western Nile Deltaarea to 2 trillion cu ft. BP Egypt (operator) has a...