Sources: Energean and Carlyle are among the bidders for BP's gas assets offshore Egypt

Three sources familiar with the process say that Dragon Oil, Carlyle Group, 'Energean' and Artemis Energy will be among a group of groups bidding this week on BP’s?West Nile Delta natural gas development off Egypt.

British oil giant BP is trying to simplify its portfolio, reduce debt, and lower costs. It produces 60% of Egypt's gas through joint ventures on the East Nile Delta and fields in the West Nile Delta.

Sources did not provide any details on the bids that are to be submitted before the end of the week.

BP and 'Carlyle' declined to comment. Energean Artemis, and Dubai's Dragon Oil have not responded to comments immediately. In May, citing reliable sources, it was reported that BP may be considering the sale of some of its assets in Egypt. Egypt's energy production has been unable to keep up with the rising demand, and global gas markets remained tight during the Iran War.

BP has invested over $35 billion in Egypt for the past six decades. Last year, it produced 518 million cubic feet per day of?natural gas. This is down about 40% from 2024 and nearly 60% from 2023. In the last six decades, BP has invested more than $35 billion in Egypt. The country produced 518 millions cubic feet of natural gas per day, down about 40% from previous years and almost 60% from 2023.

In April, BP reported a?gas and condensate _discovery?off Egypt's coastline and?earlier that year in 2026 it was awarded the North-East El Alamein & West El Hammad Offshore Exploration concessions. (Reporting and editing by Alexander Smith; Stephanie Kelly)

(source: Reuters)