bp Egypt
bp takes pride in its long-standing history in Egypt, successfully operating in the country for 60 years and counting, investing more than $35bn across those years, and being an active player in the Egyptian energy industry.
Together with our partners, bp currently produces around 70% of Egypt’s gas through a joint venture with the Pharaonic Petroleum Company (PhPC) and Petrobel (IEOC JV) in the East Nile Delta as well as through the bp-operated West Nile Delta gas development.
Our gas business
West Nile Delta: The West Nile Delta gas development is the first operated asset in the country. It is a testament to bp’s long term commitment to Egypt representing an important contribution to meeting Egypt’s growing energy needs by providing a cost-competitive and resilient gas supply from the country’s own resources.
East Nile Delta: With over 20 years of production, bp has established a strong footprint in the END through its PhPC JV and other partners’ operated assets. The Atoll and Qattameya fields are two significant developments that were brought online in 2018/2019. Satis West, Harmattan and Osiris fields are currently being developed to maintain END gas production levels.
Zoher (Sherouk concession): In 2017, bp acquired a 10% interest from ENI in the Shorouk concession that contains the giant Zohr gas field.
Support a strong gas value chain
PhPC: The Pharaonic Petroleum Company (PhPC) is a joint stock holding operating company. PhPC operates Ras El Barr (REB) Concession Fields (H’apy, Taurt, Seth and Akhen) where bp has a 25% interest and North Damietta Concession Fields where bp has a 50% interest. West Harbor onshore plant exports gas to GASCO, UGDC, and Petrobel.
UGDC: bp is a 33% shareholder in the United Gas Derivatives Company (UGDC), in partnership with Eni/IEOC and GASCO (the Egyptian midstream gas distribution company). UGDC is adding value through extracting LPG and condensate needed for the domestic market, as well as producing propane, an important feedstock for the petrochemicals industry.
Customers and Products
NGVC: bp is present in Egypt’s downstream sector through the Natural Gas Vehicles Company (NGVC) established in September 1995 as the first company in Africa to commercialize natural gas as an alternative fuel for vehicles. NGVC, in which bp holds a 40% interest, plays an important role in delivering Egypt’s strategy in expanding the use of natural gas in transportation.
Castrol: In 2018, bp’s Castrol brand formed a joint venture with its existing distribution partner, TAQA Arabia. Castrol Egypt Lubricants S.A.E. will manufacture and market world-class automotive and industrial lubricants locally, while TAQA will continue as the sole distributor in the country.
Our contribution to the community
bp Egypt delivers a wide-ranging social investment programme focused on education, training, and skills development.
Middle-management programme: bp sponsors a number of candidates, as part of the Ministry’s fast-track middle management programme, providing them with a 6-month accelerated development programme, including a Project Management degree from Manchester University and on-the-job learning.
Postgraduate scholarships programme: bp Egypt provides scholarships for top Egyptian graduates to pursue postgraduate studies at the prestigious Cambridge University in the UK, in addition to scholarships through the Chevening scheme. To date, bp has supported the funding of scholarships for over 100 highly-talented Egyptian graduates.
AFS Global STEM Academies: bp supports a 16-week programme whereby young students can experience the cultures of different countries while learning about energy transition, sustainability, global skills, and social impact. The global programme boosts young people’s knowledge of science, technology, engineering, and maths (STEM).
West Nile Delta Community Development programme: The WND project runs a social investment programme directed towards the development of the surrounding communities. The WND community investment programme is the biggest-ever implemented in the Behera Governorate, where the Project is located, with more than US $10 million being invested in education, healthcare, entrepreneurship, and infrastructure development projects.
