ArabFinance: British Petroleum (bp) revealed a new gas discovery in the Nidoco NW-1 exploratory well, located in Abu Madi West concession in the Egyptian Nile : British Petroleum (bp) revealed a new gas discovery in the Nidoco NW-1 exploratory well, located in Abu Madi West concession in the Egyptian Nile Delta , according to a September 16th statement. bp holds 25% of the contractor’s share in the Nile Delta concession, while Eni, through its subsidiary International Egyptian Oil Company (IEOC) IEOC, holds the remaining 75%. The field is operated by Petrobel, a joint venture between IEOC and the State partner Egyptian General Petroleum Corporation (EGPC). Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Source: The North Africa Journal September 16, 2020 09:22 UTC