The program, expected to begin next year, aims to accelerate the development and production of Egypt’s natural gas reserves by leveraging existing infrastructure in the West Nile Delta region.
This phase involves the subsea tieback of additional Raven infill wells to the company’s existing onshore infrastructure.
Under the five-year agreement, BP will invest $20 million in maintenance and achieving maximum production capacity.
Additionally, Auchincloss discussed BP’s plans to commence production from several wells it operates, with one set to begin production in the first quarter of next year.
This project is part of BP’s strategy to expand its footprint in Egypt, where it expects to invest up to $1.5 billion over the next few years.
