British Petroleum (BP) has commenced production from the second development phase of the Raven field, a key component of the West Nile Delta project, according to the company’s official statement.
This phase involves the subsea tieback of additional Raven infill wells to the company’s existing onshore infrastructure.
The project is expected to deliver approximately 220 billion cubic feet of gas and 7 million barrels of condensate, strengthening gas supply to the local market and contributing to Egypt’s energy sector with high-value natural gas resources.
Recently, Prime Minister, Mostafa Madbouly, highlighted that the government is closely monitoring developments in the Zohr gas field as part of ongoing efforts to restore normal production rates.
He also stated that officials from Eni, the Italian energy company, anticipate new gas discoveries in Egypt within the next two years, further strengthening the country’s position in the energy sector.
Earlier in January, The Metallurgical Industries Holding (MIH) and British Petroleum (BP) have signed an agreement to restart the operations of the Egyptian Anode Blocks Company, in which the Holding Company for Metallurgical Industries and its affiliates under the Ministry of Public Enterprise own 75% of the shares.
Under the five-year agreement, BP will invest $20 million in maintenance and achieving maximum production capacity.
