Egypt: BP Completes 2 New Gas Wells in Raven Field

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, accompanied by several leaders from the petroleum sector, inspect the development and production of natural gas from the West Nile Delta offshore fields in the Mediterranean Sea (Ministry of Petroleum and Mineral Resources) 
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, accompanied by several leaders from the petroleum sector, inspect the development and production of natural gas from the West Nile Delta offshore fields in the Mediterranean Sea (Ministry of Petroleum and Mineral Resources) 
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Egypt: BP Completes 2 New Gas Wells in Raven Field

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, accompanied by several leaders from the petroleum sector, inspect the development and production of natural gas from the West Nile Delta offshore fields in the Mediterranean Sea (Ministry of Petroleum and Mineral Resources) 
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, accompanied by several leaders from the petroleum sector, inspect the development and production of natural gas from the West Nile Delta offshore fields in the Mediterranean Sea (Ministry of Petroleum and Mineral Resources) 

British Petroleum (BP) has successfully completed two additional gas wells in the Raven Field, part of its significant West Nile Delta (WND) development off Egypt’s Mediterranean coast, the Ministry of Petroleum announced in a statement on Sunday.
The drilling was carried out using the Valaris DS-12 drillship, which began operations in mid-2024.
In a statement received by Asharq Al-Awsat, the Ministry said subsea activities are currently ongoing to tie the two wells to the existing network in the Mediterranean, paving the way for production to commence.
Gas production is now expected to begin in February 2025, three months ahead of schedule, following expedited drilling and installation efforts.
“After completing operations at Raven, the Valaris DS-12 has moved on to the King exploration area, where it will target natural gas in the Lower Miocene layer,” the Ministry said.
It added that the reservoir is anticipated to be reached by late February 2025.
The proximity of the King area to BP’s existing West Nile Delta infrastructure will facilitate a seamless connection to the company’s production facilities, supporting Egypt’s broader strategy to boost local gas output.
This development is part of the Ministry of Petroleum’s wider initiative to expand offshore drilling in the Mediterranean.
Recent projects include Chevron’s Khanjar-1, ExxonMobil’s Nefertari-1, BP’s Raven field operations, and Eni’s resumed drilling at the Zohr field.
These efforts are crucial to strengthening Egypt’s position as a regional energy hub, the Ministry said.

 



Saudi Arabia Inks Mining Agreements with Several Govts at Fourth Future Minerals Forum

The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)
The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)
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Saudi Arabia Inks Mining Agreements with Several Govts at Fourth Future Minerals Forum

The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)
The Saudi Ministry of Industry and Mineral Resources signed a series of MoUs and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. (SPA)

The Saudi Ministry of Industry and Mineral Resources signed on Tuesday a series of memoranda of understanding (MoUs) and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum.

The meeting marked a significant step in advancing international partnerships and fostering the development of the Kingdom's mining and minerals sector.

The agreements were signed by Minister of Industry and Mineral Resources Bandar Alkhorayef, and Vice Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Al-Mudaifer.

The counterpart signatories included the minister of energy and natural resources from Djibouti, the minister of energy and mineral resources from Jordan, the secretary of state for business and trade from the United Kingdom, and the minister of mines and mineral development from Zambia.

Additional agreements were signed with the Ministry of Finance of Austria and the Ministry of the Economy, Finance and Industrial and Digital Sovereignty of France.