Global oil discoveries fell to a record low in 2016 as conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency

A new tool, named Reservoir Engineering Integrated Environment (REOnline), helps engineers to better plan, develop and manage the company’s fields and reservoirs

Rotary Engineering have been awarded a construction contract for 12 storage tanks with a capacity of 450,000m3, that have been designed to latest and highest industry standards as part of a US$1 billion expansion project which will increase capacity by 50 per cent

BP has made another gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt

Announcing on 27 March, BP stated that it had made its third discovery in the East Nile Delta. The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961m in water depth of approximately 108m using the El Qaher II jack-up rig. The wireline logs, pressure data and fluid samples confirmed the presence of 37m of net gas pay in high quality Pliocene sandstones. 

Bob Dudley, BP Group Chief Executive, said, “Qattameya marks our third discovery in the block where we are already developing the Atoll field and appraising the Salamat discovery. This latest discovery confirms our belief that the Nile Delta is a world-class basin.”

Commenting on the discovery, Hesham Mekawi, BP North Africa Regional President, said, “We are delighted to sustain our success in these shallow Pliocene targets. We believe that the development of Qattameya could help unlock the resources in other nearby discoveries with similar shallow low-pressure characteristics. This is part of our long-standing commitment to Egypt and to unlocking Egypt’s energy potential.”

Qattameya Shallow-1 well is located 60 km north of Damietta city, 30 km south west of Salamat and only 35 km to the west of Ha’py offshore facilities. BP has 100 per cent equity in the discovery.

Mubadala Petroleum announced on 19 March that Dr. Bakheet Al Katheeri has been appointed as the chief executive officer of the exploration and production company and wholly-owned subsidiary of Mubadala