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What will be Arcius Energy's production output in Egypt by end of 2025?
3
Resolution / Starting Odds
1 million tonnes • 25%
3 million tonnes • 25%
5 million tonnes • 25%
7 million tonnes or more • 25%
Official production reports from Arcius Energy; industry analysis reports
Story
BP and ADNOC's XRG Launch Arcius Energy Joint Venture in Egypt, BP Holds 51% Stake, Adding 7M Tonnes of Condensate
Dec 16, 2024, 08:31 AM
BP and Abu Dhabi National Oil Company’s (ADNOC) international investment arm XRG have announced the financial close and formation of their new joint venture, Arcius Energy. The joint venture, which was first announced in February 2024, will focus on developing natural gas assets in Egypt. BP will hold a 51% stake in Arcius Energy, while XRG will own the remaining 49%. This partnership marks a significant step in enhancing natural gas production and investment in the region.
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Increase by more than 10% • 25%
Increase by 0-10% • 25%
No significant change • 25%
Decrease • 25%
10 billion cubic meters • 25%
11 billion cubic meters • 25%
12 billion cubic meters • 25%
More than 12 billion cubic meters • 25%
Less than 300 million barrels • 25%
300 to 350 million barrels • 25%
351 to 400 million barrels • 25%
More than 400 million barrels • 25%
Less than 120,000 barrels per day • 25%
120,000 to 140,000 barrels per day • 25%
140,000 to 160,000 barrels per day • 25%
More than 160,000 barrels per day • 25%
Less than 600 MW • 33%
600 MW to 800 MW • 34%
More than 800 MW • 33%
Increase by over 20% • 25%
Increase by 10-20% • 25%
Increase by less than 10% • 25%
No significant change • 25%
Project Resumed • 25%
Project Canceled • 25%
Project Sold to Another Company • 25%
Project on Indefinite Hold • 25%
Less than 50 million pounds • 25%
50-100 million pounds • 25%
100-150 million pounds • 25%
More than 150 million pounds • 25%
Less than 50 MW • 25%
50 - 100 MW • 25%
100 - 150 MW • 25%
More than 150 MW • 25%
Stranded gas • 25%
Renewable energy • 25%
Traditional fossil fuels • 25%
Mixed sources • 25%
Restored to pre-blockade levels • 25%
Increased but below pre-blockade levels • 25%
No significant change • 25%
Further decreased • 25%