Located approximately 90 kilometers off the coast of Egypt in the northwestern Nile Delta and 110 kilometers northeast of Alexandria, the Western Delta gas fields operate in water depths ranging from 300 to 1200 meters. To further bolster production, British Petroleum (BP) will commence drilling two new natural gas wells in the region next January, investing $160 million in the project.
Burullus Gas Company, the primary operator of the concession, is a joint venture between Shell Egypt, Petronas, and the Egyptian General Petroleum Corporation. To incentivize increased gas production, Egypt has introduced new measures for foreign companies, including the ability to export a portion of their new production to offset outstanding debts. Additionally, the companies' share of the new gas production has been increased.