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.

 



GASTAT: Inflation Rate in Saudi Arabia Reached 1.9% in December

The Saudi capital Riyadh. Reuters
The Saudi capital Riyadh. Reuters
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GASTAT: Inflation Rate in Saudi Arabia Reached 1.9% in December

The Saudi capital Riyadh. Reuters
The Saudi capital Riyadh. Reuters

The annual inflation rate in Saudi Arabia reached 1.9% in December 2024, according to the General Authority for Statistics (GASTAT).

The Kingdom has the lowest inflation rates among the G20 countries.

The Consumer Price Index (CPI) reflects changes in prices paid by consumers for a fixed basket of goods and services consisting of 490 items. This basket was selected based on the results of the household expenditure and income survey conducted in 2018. Prices are collected through on-site visits to sales points.

CPI statistics are published monthly.