Gaz de France Discovers Natural Gas Deposits in Egypt
Posted on June 2, 2008 – 12:44 pm | by vchris
Regulatory News:
Gaz de France (Paris:GAZ) recently discovered natural gas deposits in the West El Burullus concession in Egypt for which it holds an exploration and production license.
This license, covering a total area of 1,364 km2, concerns an offshore concession in the Mediterranean to the northeast of Alexandria. The license is held on a 50/50 basis by Gaz de France, the operator of the concession, and Dana Petroleum.
Group profile:
Gaz de France Group is a major energy player in Europe. As the leading natural gas distributor in Europe, Gaz de France employs almost 50,000 employees and generated €27.4 billion in sales in 2007. The Group holds a portfolio of some 15 million clients, approximately 11 million of which are in France. Listed on the Paris Stock Exchange, Gaz de France is also part of the CAC 40 and Dow Jones Stoxx 600 indices.
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Contacts
Gaz de France
Press Contact:
Armelle Dillar
Tel. +33 1 47 54 30 17
E-mail. armelle.dillar@gazdefrance.com
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Tags: Deposits, EGYPT, Natural Gas
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