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BP Makes a Significant Deep Gas Discovery in Egypt

Source: www.gulfoilandgas.com 11/24/2010, Location: Africa

BP Egypt announced that it has made a significant gas discovery in the Deepwater West Nile Delta area. The Hodoa discovery is located in the West Mediterranean Deepwater, Nile Delta concession, some 80 km northwest of Alexandria. The WMDW-7 well was drilled to a depth of 6350 metres and is the first Oligocene Deep Water discovery in the West Nile Delta area. Further appraisal is underway.

BP operates and holds 80% of the West Mediterranean Deepwater concession with RWE Dea holding the remaining 20%. Hodoa was drilled by the Pride North America Semi-Sub rig, in a water depth of 1077 metres.

Mike Daly, BPs Executive Vice President of Exploration said: The Hodoa discovery further demonstrates the great potential of the deep reservoirs in the Nile Delta.

Hesham Mekawi, President and General Manager of BP Egypt, commented: Hodoa is an important discovery which builds upon BPs previous successes in the West Nile Delta. This discovery further reinforces the leadership role played by BP in Egypt and its ongoing commitment towards the development of Egypts future gas business.

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