BG Egypt to invest $2bn in new pipeline and wells

07 July 2010

BG Egypt is to invest $2bn to install a pipeline and drill new wells off Egypt's Mediterranean coast to help meet the country's growing demand for gas, Reuters has reported. The new offshore pipeline, the company's third in the West Delta concession, is expected to be operational by the end of 2010 and will enable the firm to maintain its current production levels. BG will also drill nine wells in West Delta, which will be operational by late 2011, BG Egypt president, Arshad Sufi said.

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