BP Starts Production from Taurt

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27 July 2008

The Taurt field is located in Ras El Bar concession, 70 kilometres offshore in the northeast of Port Said, East Nile Delta.

The parties to Ras El Bar Offshore Concession agreement are BP Egypt (operator 50%) and IEOC, the affiliate of ENI in Egypt (50%).

Andy Inglis, BP's Chief Executive of Exploration & Production, said: "Taurt is another major project delivered successfully. It will contribute to BP's production profile for the next decade and beyond. Egypt is an important growth area with further potential."

Hesham Mekawi, President of BP Egypt added: "Taurt is BP's first subsea development in Egypt and also the first of what we plan to be a programme of subsea developments, its successful delivery represents a new milestone in recovery of gas from the Mediterranean Sea."

The Taurt project is an offshore development with a Subsea Production System (SPS), two subsea wells, and a 70 kilometre pipeline and control umbilical back to upgraded facilities at the existing West Harbor processing plant.

Note to editors

The Taurt project is executed and operated by Gulf of Suez Petroleum Company (GUPCO), a joint venture between Egyptian General Petroleum Corporation (EGPC) and BP, IEOC the affiliate of ENI in Egypt, and BP. The main contractors are Genesis for the engineering and project support, ENPPI for the onshore modifications design, Petrojet for the onshore modification and subsea structure construction, PMS and Allseas for the offshore pipeline installation, Cameron for the SPS supply, Aker Solutions for the umbilical supply, Sonsub for the offshore construction, Five Ocean Services for the umbilical installation.

BP has been operating in Egypt for over 40 years, primarily in oil and gas exploration and production. During that period, BP Egypt has produced almost 40 per cent of Egypt's entire oil production and close to 30 per cent of gas demand together with partners.

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