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BP first through the door for 10% of Zohr
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Report summary
On 25 November BP announced that it had agreed to buy a 10% stake in the Zohr concession from Eni for a consideration of US$375 million. The company will also reimburse Eni for BP's share of past costs estimated at around US$150 million and reserves the right to buy an additional 5% stake under the same terms before the end of 2017.
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- Impact of 10% Zohr acquisition on BP's Egyptian capex and production
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