General – FID
The joint venture Arcius Energy, formed by BP PLC and Abu Dhabi National Oil Company (ADNOC), has made a final investment decision to develop the Harmattan gas field located within the El Burg Offshore concession area in Egypt.
The investment is estimated at approximately $500,000 and represents one of Arcius’s initial projects in Egypt, aimed at boosting natural gas production to support domestic demand.
This decision follows Arcius’s acquisition of the El Burg Offshore concession in February 2026.
The project is being advanced in collaboration with Egyptian Natural Gas Holding Company (EGAS).
As part of the execution phase, Pharaonic Petroleum Company, acting on behalf of El Burg Offshore Petroleum Company, has awarded the engineering, procurement, construction, and installation contract to ENPPI. Petroleum Marine Services and Petrojet are participating as subcontractors.
