BP has made a gas discovery in the North Damietta Offshore Concession in Egypt's East Nile Delta, its third in the block, it said on Sunday. The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of around 108 metres, the company said. "This latest discovery confirms our belief that the Nile Delta is a world-class basin," BP Chief Executive Bob Dudley said in a statement. The well is 60 kilometres (37 miles) north of Damietta city in northern Egypt. BP produces around 40 percent of Egypt's total gas.

Source: Egypt Independent March 26, 2017 12:56 UTC