BP and ADNOC’s JV pouring $500 million to bring Egyptian gas project to life - Offshore Energy

Arcius Energy signed the Harmattan scope execution contract with its partners, PhPC and ENPPI, witnessed by its CEO, Egyptian Natural Gas Holding Company (EGAS), BP and XRG, underscoring strong collaboration across partners and stakeholders as the firm moves into the next phase of project delivery. Courtesy of Arcius Energy

BP and ADNOC’s JV pouring $500 million to bring Egyptian gas project to life

Arcius Energy, an affiliate of the UK-headquartered BP and the UAE-based ADNOC’s XRG, has made a final investment decision (FID) for a natural gas field off the coast of Egypt.