LONDON -- The Egyptian Natural Gas Holding Co. (EGAS) has awarded BP two blocks in the 2008 International bid round on the Egyptian Offshore Nile Delta.
Block 2 - North Tineh Offshore is in a deepwater area of the Nile Delta. The block is located about 60 km (37 mi) north of Port Said City and covers an area of approximately 2,400 sq km (927 sq mi) in water depths reaching 1,000 m (3,281 ft). BP is committed to drilling three exploration wells over two phases in six years. BP will operate North Tineh block with 100% working interest.
Block 3 - North Damietta Offshore, which is adjacent to block 2, covers an area of around 1,600 sq km (618 sq mi) and carries a commitment of four exploration wells over six years. BP (33% interest) will operate the North Damietta Offshore block with Shell (33% interest) and Petronas (33% interest).