Which companies are reportedly bidding for BP's West Nile Delta gas assets in Egypt?

According to the news, Dragon Oil, Carlyle Group (CG.O), Energean (ENOG.L), and Artemis Energy are among the groups expected to bid this week for BP's West Nile Delta natural gas development assets off Egypt.

Why is BP selling its gas assets in Egypt, and what is its current production level there?

BP is selling the assets to simplify its portfolio and cut debt and costs; the company produced 518 million cubic feet per day of natural gas in Egypt last year — down about 40% from 2024 and nearly 60% from 2023 — despite having invested over $35 billion in the country over six decades.

Energean, Carlyle Among Bidders for BP Gas Assets Off Egypt, Sources Say

Jul 29, 2026

Energean and Carlyle are among bidders for BP's West Nile Delta natural gas assets as the company seeks to cut debt. BP currently supplies about 60% of Egypt's natural gas through its joint ventures and operated fields.

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Energean, Carlyle Among Bidders for BP Gas Assets Off Egypt, Sources Say

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Energean, Carlyle Among Bidders for BP Gas Assets Off Egypt, Sources Say

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