BP Strikes Oil & Gas in Egypt's King Mariout Offshore Block

BP plc (BP) , the UK-based energy major, has made a significant oil and natural gas discovery in the King Mariout offshore block in Egypt’s northern Mediterranean waters. The find was confirmed by Egypt’s prime minister Mostafa Madbouly during a press conference, with more details expected soon.BP's King Mariout Discovery Boosts Egypt’s Energy PlansThe King Mariout exploration well is strategically located near BP’s existing facilities and subsea pipelines in the West Nile Delta project. This proximity is e ...