Egypt Signs Oil & Gas Deals with BP, Total, and ENI
Egyptian Oil Minister Tarek El Molla has signed three oil and gas exploration and production deals worth at least $220 million in total with France's Total , Britain's BP, and Italian energy major ENI's Egyptian subsidiary IEOC, the ministry said on Wednesday.
The deals include drilling for six wells, the ministry said in a statement. The first deal, signed with a consortium of BP and IEOC, is worth $75 million, the second, with a consortium of all three companies, is worth $80 million, and the third with BP alone worth $65 million.
Reporting by Ahmed Aboulenein
