BP makes third gas discovery in Egypt's North Damietta Concession
The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of around 108 metres, the company said.
"This latest discovery confirms our belief that the Nile Delta is a world-class basin," BP CEO Bob Dudley said in a statement.
The well is 60 kilometres (37 miles) north of Damietta city in northern Egypt. BP has 100 percent equity in the discovery. BP produces around 40 percent of Egypt's total gas. ■