Egypt

What we do

BP has a long and successful track record in Egypt stretching back over 55 years. In Egypt our business is primarily in exploration and production. BP has produced almost 40% of Egypt’s entire oil production and supported the development of its gas market. Currently, BP produces close to 10% of Egypt’s oil, and more than 50% of the nation’s gas with our partners. BP is continuously working to meet Egypt’s growing domestic gas market by actively exploring in the Nile Delta and investing to add production from existing discoveries. With total investments of more than $30 billion, BP is one of the largest foreign investors in the country.

BP is the largest holder of exploration and development acreage in the Nile Delta and plans are in place to progress discovered resources in the basin. BP is also on track to triple its 2016 net production through delivery of major projects in Egypt by the end of this decade.

Our people and partners

Over the years we have established strong relationships with the Egyptian government and the Ministry of Petroleum. Our pioneering partnership with the Egyptian General Petroleum Corporation (EGPC) has made our joint venture, the Gulf of Suez Petroleum Company (GUPCO), an industry leader and one of the largest oil and gas operations in the entire region. With GUPCO leading our operations since the 1960s, we have successfully managed to maintain oil production flat in the Gulf of Suez against its natural decline and our goal is to grow and sustain production levels for the years ahead.

We are also committed to being a prominent player in the new phase of Egypt’s hydrocarbon industry and the development of a world-scale gas business in the offshore Nile Delta. In 2008, BP Egypt and its partners in the Ras El Barr (REB) concession established the Pharaonic Petroleum Company (PhPC), BP's second successful joint venture with the Egyptian government, to efficiently run the gas business within the REB concession area. This joint venture was designed with an eye on being an efficient and effective vehicle for our gas production growth plans in this area.

The West Nile Delta (WND) major project is our first direct development and operation in Egypt through a BP operating company. WND delivers one of the largest tranches of Egypt’s new gas providing a major source of gas for the domestic market. The project involves the development of gas and condensate resources from 5 fields. Production is expected to reach up to 1.3 billion cubic feet a day (bcf/d) once all development phases are complete. This is a significant addition to the country’s national gas grid.

Another important project for BP is the development of the Atoll field discovery. The joint venture PhPC has successfully developed and brought the field into production, well within the target budget and eight months ahead of the planned schedule. Production from Atoll is around 0.35 bcfd and is feeding the country’s national gas grid.

In early 2017, BP acquired from Eni a 10% stake in the Shorouk Concession, which contains the giant Zohr gas field, and is investing, together with the other partners, towards developing the field to realize its full potential.

In 2018, BP has approved execution of Harmattan and Qattameya Shallow, targeting first gas in 2020 from both projects.

BP has always supported the development of a strong gas value chain in Egypt and its 33% investment in the United Gas Derivatives Company, together with ENI/IEOC and GASCO (the Egyptian midstream gas distribution company), is adding value through extracting LPG needed for the domestic market as well as Propane and Condensate which are important feedstocks for petrochemicals and other industries.

BP is also supporting the development of the domestic gas market with its investments in the downstream sector through Natural Gas Vehicles Company (BP 40%), which was established in September 1995 as the first company in Africa and the Middle East to commercialize natural gas as an alternative fuel for vehicles, reducing emissions.

BP’s Castrol recently announced a joint venture formation in Egypt – Castrol Egypt Lubricants S.A.E. – which will locally manufacture and market Castrol’s automotive and industrial lubricants.

Community investment

BP is committed to a wide-ranging social investment programme focused on education, training, and skills development. BP Egypt supports several educational initiatives, including funding scholarships for top Egyptian graduates to pursue post-graduate studies at the prestigious Cambridge University in the UK, in addition to scholarships through the Chevening scheme.

BP Egypt also partners with local prominent non-governmental organizations to provide training and skills development.

To date, BP supported the funding of scholarships for 100 Egyptian graduates of impressive talents. We have also promoted corporate volunteerism through the Injaz volunteering programme, where every academic year, a number of staff volunteer their time in coaching Public school students and helping them develop some skills to prepare them for beyond school, including work readiness, entrepreneurship and financial literacy skills.

As part of the WND project, BP has been running a social investment programme directed to various sustainable development projects in coordination with the local communities and utilizing local service providers. The scale of investment and activities of the WND project has significantly contributed to the growth of petroleum-related industries as well as maximize Egyptian employment. We are also proud to note that this programme is the biggest-ever implemented by the Beheira Governorate in Egypt.

Our project there is dedicated to creating jobs, micro-financing, education, and health. Until now, BP has awarded more than 100 interest-free loans in this project, which will help create employment opportunities and support the development of the local communities. The project itself will generate up to 6,700 direct and indirect job opportunities during its construction phase and has so far provided support to two local hospitals.

Sponsorship

We are the top-level partner and official oil and gas and energy partner with the Egyptian National Paralympic Committee (ENPC) on its road to the Tokyo 2020 Paralympic Games agreement signed in July 2017.

BP Egypt is supporting three Paralympian brand ambassadors on their journey to Tokyo 2020 Games: Ahmed Abdel Fattah (sitting volleyball); Ayatallah Ayman Abbas (swimming); and Mostafa Fathalla (athletics).

Our commitment to integrity

BP is committed to follow policies on ethical conduct, employee relations, health, safety, security, environment control and finance. BP strives continuously to achieve its aspiration of no accidents, no harm to people, and no damage to the environment.

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