BP recently announced a new offshore gas discovery in Egypt at the El Fayoum-5 well in the North Alexandria Offshore Concession. The well, spudded on February 14, encountered four Messinian gas reservoirs with a total sand thickness of 50 meters at a depth of 2,900 meters. This marks the final well in BP’s four-slot drilling campaign in the West Nile Delta.BP plans to tie the El Fayoum-5 discovery into its West Nile Delta Gas Development. When asked about production figures and future drilling, a BP spokesperson declined to provide numbers but confirmed no further offshore exploration in Egypt this year.
EVP William Lin reaffirmed BP’s commitment to Egypt, highlighting efforts to fast-track the El King and Fayoum discoveries and integrate them into existing infrastructure, alongside the ongoing Raven Infills Phase 2 project.Last month, BP announced the start of Raven Field Phase 2 production, tying additional wells to its West Nile Delta infrastructure. The wells are expected to yield 220 billion cubic feet of gas and seven million barrels of condensate.
BP’s regional president, Nader Zaki, emphasized continuous drilling since January 2024 to combat decline, boost production, and meet Egypt’s energy demand efficiently.BP reaffirmed its commitment to Egypt, citing strong partnerships with local authorities. The West Nile Delta project includes offshore gas condensate fields, with Raven as its final phase, producing since 2021. The first phase developed eight subsea wells up to 65 km offshore at depths of 550–700 meters.BP has operated in Egypt for nearly 60 years, investing over $35 billion.
Its West Nile Delta project, a major gas development with five fields, is BP’s first operated asset in the country, producing nearly one billion cubic feet per day. Last month, BP announced a new strategy to expand upstream oil and gas, refine its downstream focus, and invest more selectively in energy transition.
