Current BP Stock Info

BP signed the final agreements for its West Nile Delta project last week
BP plc (ticker: BP) last week announced that the company signed its final agreements on the West Nile Delta (WND) project. The WND has the potential for 5 Tcf of gas and 55 MMBO of condensates. BP anticipates an investment of around $12 billion from the company and its partner, according to BP’s press release. Production is expected to start in 2017.

Production from WND is expected to reach up to 1.2 Bcf/d, equivalent to about 25% of Egypt’s current gas production. The...

Tags: , ,

Legal Notice