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BP signs revised West Nile Delta agreement
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Report summary
Event: On 6 March BP and partner RWE Dea signed a long awaited deal with the Egyptian Ministry of Petroleum to develop the West Nile Delta gas fields. The project will see the partners invest up to US$12 billion to develop 5 tcf of gas from six fields in the Mediterranean. First gas is scheduled for 2017, reaching a peak of 1.25 bcf/d by 2021.
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