Middle East Economic Survey


No 21


BP Wins Game-Changing Terms For Nile Delta Offshore Block

Nick Wilson reports from Alexandria

The Egyptian government has given BP full rights over production in the offshore Mediterranean North Alexandria block, which contains the 4 trillion cu ft Raven gas field, MEES understands. Other parts of the concession, which do not have a development plan, contain a further 1 tcf of gas, bringing the blocks total recoverable reserves to 5 tcf. By...