BP makes third gas discovery in Egypt's North Damietta Concession
BP has made a gas discovery in the North Damietta Offshore Concession in Egypt's East Nile Delta, its third in the block, according to the company. "This latest discovery confirms our belief that the Nile Delta is a world-class basin," BP CEO Bob Dudley said in a statement. BP, which currently produces c40% of Egypt's total gas, has 100% equity in the discovery.
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