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BP. Bp Plc

526.80
3.70 (0.71%)
Last Updated: 14:39:26
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.70 0.71% 526.80 526.80 526.90 531.40 526.10 529.20 19,409,076 14:39:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.91 90.01B

BP Makes 3rd Discovery in North Damietta Concession in Egypt

27/03/2017 10:45am

Dow Jones News


Bp (LSE:BP.)
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By Ian Walker

 

LONDON--BP PLC (BP.LN) said Monday it had made a third gas discovery in its 100%-owned North Damietta offshore concession in the East Nile delta of Egypt.

The Qattameya shallow-1 exploration well was drilled to a total depth of 1,961 metres, the oil supermajor said, and the presence of 37 metres of net gas pay has been confirmed, in high-quality Pliocene sandstones.

Options to tie the discovery back to nearby infrastructure are being studied, BP said.

 

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

March 27, 2017 05:30 ET (09:30 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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