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Corporation discovers fresh gas in Egypt

The well is 60 kilometres north of Damietta city in northern Egypt.

A British Petroleum (BP) logo is seen at a petrol station near the Burj Khalifa in Dubai August 29, 2012. REUTERS/Jumana ElHeloueh

The BP Chief Executive, Bob Dudley, said in a statement late on Sunday that the latest discovery made it the third in the block.

Dudly reiterated that the discovery confirmed the firm’s belief that “the Nile Delta is a world-class basin.”

BP has 100 per cent equity in the discovery. It produces around 40 per cent of Egypt’s total gas.

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