BP (NYSE: BP) plans to begin production at two of its Egyptian gas fields as part of its West Nile Delta project before the end of 2018, a petroleum ministry statement said on March 7.
The fields, Fayoum and Giza, are expected to produce 500 million cubic feet per day of gas (MMcf/d)700 MMcf/d of gas, the statement added.
BP started gas production from two other fields in its West Nile Delta development last year.
The Taurus and Libra fields, commissioned eight months ahead of schedule and under budget, currently produce about 700 million standard cubic feet of gas a day for the Egyptian national grid.
BP CEO Bob Dudley said in February that the company plans to invest over $1 billion in Egypt this year.
Egypt has been seeking to speed up production from recently discovered fields, with an eye to halting imports by 2019 and achieving self-sufficiency.