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Article: Egypt : BG Egypt to invest up to $3 bln next year.
- Article from:
- TendersInfo
- Article date:
- October 28, 2009
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Byline: manish03
BG EgyptBG Egypt, a subsidiary of BG Group, plans to invest up to $3 billion on Phase VIII of its West Delta Deep Marine Concession (WDDM) by mid-2010, a company official said Sunday.
"We're coming up on Phase VIII, a fairly large project, somewhere between 24 and 32 new wells and that's a project we are planning to sanction...six to nine months from now," said Sami Iskander, BG Group's executive vice president for Africa, Middle East and Asia.
The onshore project is a "fairly large investment, anywhere between $2 billion to $3 billion. It's very dependent on getting the partners and everyone on board," he said in an interview ...