In late Jul â18, BP signed a USD 46 million E&P agreement for the Eastern Ramadan area in the Gulf of Suez, which the company appears to have won under the name Northeast Ramadan in the EGPCâs 2016 Round. A signature bonus of USD 4 million and 3 wells (first of which is rumoured for this year) were part of the deal.
In late Jul â18, BP signed a USD 46 million E&P agreement for the Eastern Ramadan area in the Gulf of Suez, which the company appears to have won under the name Northeast Ramadan in the EGPCâs 2016 Round. A signature bonus of USD 4 million and 3 wells (first of which is rumoured for this year) were part of the deal.