A 3rd settlement, price $109 million, went to Arcius Power, a three way partnership 51 per cent owned by BP and 49 per cent by ADNOC’s funding arm XRG, to function within the North Damietta offshore space.
The ministry additionally introduced a $14 million cope with Russia’s Zarubezhneft to drill 4 wells within the onshore North El-Khatatba block within the Nile Delta.
(Reporting by Hatem Maher, Writing by Muhammad Al Gebaly; Enhancing by Bernadette Baum)
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