BP has been awarded the King Mariout exploration block offshore Egypt following its participation last year in the limited bid round organized by the Egyptian Natural Gas Holding Company. The King Mariout Offshore area is located 20 km west of the Raven field in the Mediterranean Sea and covers 2600 km2 with water depths ranging between 500 and 2100 m.
The block is within the West Nile Delta area, for which material gas discoveries could be developed using existing infrastructure. BP holds a 100% stake in the block.
BP is a major player in Egypt investing more than $35 billion in the area over the past 60 years.