Energean in Exclusive Talks to Buy BP Oil and Gas Assets in Egypt
Energean is in exclusive talks to buy BP upstream oil and gas assets in Egypt, people involved said. BP would keep its Egyptian Arcius joint-venture interests with UAE’s XRG, including the Zohr field. The deal could value BP at $1 billion, while Energean seeks to expand in Egypt and West Africa. Eni’s Temsah unit reported a major gas discovery this year.