BP PLC has signed amendments to three concession areas in Egypt, allowing for the development of the Nooros field, the company announced Tuesday.
The three concessions are Temsah, Ras El Barr, and Nile Delta.
“BP is proud to progress the acceleration of its drilling activities in the three concession areas. The conclusion of these amendments was a critical milestone that allowed the discovery and fast track development of the Nooros field,” Hesham Mekawi, BP’s North Africa chief said in a statement.
Noroos field achieved in September a record production of 700 million standard cubic feet per day, the company said, and is targeted to reach 880 million standard cubic feet per day by early 2017.
BP holds a 50 percent interest in Temsah and Ras El Barr, and a 25 percent interest in the Nile Delta Offshore Concession. The remaining working interest is held by Italian giant ENI through its subsidiary IEOC.
