By OGJ editors
HOUSTON, Apr. 7 -- Egypt has awarded BP Egypt exploration rights on the East Warda Block in the Gulf of Suez and on Blocks 12 and 13 in the northern Red Sea.
In the Red Sea, BP Egypt will spend a total of $59 million on a high-resolution aeromagnetic survey, a 3D seismic survey over the entire 12,500 sq. km concession area, and other exploration activities over an 11 year period.
The 545 sq km East Warda Block is north of giant October field and near existing infrastructure. BP Egypt will spend $17 million for conducting a 3D seismic survey and drilling from one to three wells.
