British Petroleum announced earlier this month that it has found gas resources estimated to be around 1.2 trillion cubic feet, or more, in the Salamat well in the Nile Delta, some 7 km under the seabed and in 649 meters of water. According to Reuters, the offshore gas resource is "strong new evidence that Egypt has the resources to end power cuts and get export income flowing again." But the challenge is persuading wary international oil companies to develop such resources.
Posted on: Sat, 28 Sep 2013 20:15:52 +0000
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