BP and ADNOC announce Egypt energy JVPublished by: Robert Li at 11/03/2024The renowned energy companies have furthered their long-running relationship via a gas-asset development... The renowned energy companies have furthered their long-running relationship via a gas-asset development collaboration in the North African country. BP and Abu Dhabi National Oil Company (ADNOC) have signed an agreement to create a new energy joint venture (JV) in Egypt, which will see both companies pool their resources and experience to develop a mutually beneficial commercial gas portfolio. BP received legal advice from international law firm Norton Rose Fulbright (NRF) on the deal, which was announced on 14 February. BP will also contribute its exploration concession contracts pertaining to the North El Tabya, Bellatrix-Seti East and North El Fayrouz projects.

Source: The North Africa Journal March 11, 2024 10:37 UTC