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EXPLORATION

BP's big Egyptian spend

BP HAS bagged two new exploration blocks in Egypt from last year's Egyptian Natural Gas Holding Company (EGAS) bid round, committing $240 million to the blocks with its partners over the next several years.

Anthony Barich
BP's big Egyptian spend

Block 3-North El Mataria in the northeastern part of the Nile Delta cone, 57km west of Port Said, is BP's first foray into the onshore Nile Delta. BP will operate it in a 50-50 split with Dana Gas of Abu...

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