Exploration activity in Egypt
We are operator, with an 80% interest in two offshore exploration licences located in the Mediterranean, west of the Nile Delta in water depths ranging from sea level to 3000 metres. Production sharing agreements for both blocks were signed in July 2007.
El Dabaa Offshore (Block 9) covers an area of 8368 square kilometres. We are committed to drilling one exploration well and conducting 2D and 3D seismic surveys over a four-year period. We have acquired and are evaluating the seismic surveys. Drilling is planned to commence in 2010.
Ras El Hekma Offshore (Block 10). The block covers an area of 9802 square kilometres. The related work commitment includes 2D and 3D seismic surveys over a four-year period. 2D seismic acquisition and processing is complete. 3D seismic has been acquired and processing is scheduled for completion in 2009.
