BP & Egypt

BP: BP is a partner in the concession area where the new gas discovery was made. The discovery contributes to the overall success of the joint venture.

Egypt: Egypt announced a new natural gas discovery in the Nile Delta, which is expected to boost its domestic energy production and strengthen energy security. This discovery helps Egypt in its goal to increase gas output and settle dues to foreign partners.

BP: BP holds a 50% working interest in the Denise Development Lease of the Temsah Concession, making it a beneficiary of the gas discovery.