BP Plc (BP)

[eFinanceMarkets]

BP makes third Gas Discovery in Egypt offshore block
BP (BP) says it has made its third gas discovery in Egypt’s North Damietta offshore concession in the east Nile Delta.
BP says the Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 meters in water depth of 108 meters, confirming the presence of 37 meters of net gas pay.
"This latest discovery confirms our belief that the Nile Delta is a world-class basin," CEO Bob Dudley says.