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BP BP Plc

37.81
-0.11 (-0.29%)
Pre Market
Last Updated: 13:04:31
Delayed by 15 minutes
Name Symbol Market Type
BP Plc NYSE:BP NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.11 -0.29% 37.81 30,251 13:04:31

Eni Announces New Gas Discovery In Egypt

16/09/2020 9:59am

Dow Jones News


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By Pietro Lombardi

 

Eni SpA said Wednesday that a new gas discovery was made offshore Egypt.

The discovery was made in the Great Nooros Area, located in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta.

The Italian company estimates that the Great Nooros Area may have gas reserve of more than four trillion cubic feet.

Eni has a 75% stake in the license of Abu Madi West Development Lease, with BP PLC holding the remaining stake.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10

 

(END) Dow Jones Newswires

September 16, 2020 04:44 ET (08:44 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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