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Egypt oilfields still open but companies on alert

Thu, 15th Aug 2013 15:47

LONDON, Aug 15 (Reuters) - Egyptian oil and gas productionby major companies including BP and BG has beenunaffected by the crisis in Egypt, although Royal Dutch Shell has closed its office for the next few days andrestricted business travel there.

"Operations and production are unaffected. We are monitoringthe security situation in the (urban) areas where we haveoffices. All our people are safe and accounted for," a BPspokesman said after at least 525 people were killed in asecurity crackdown. .

Egypt produces around 728,000 barrels of oil a day, about0.9 percent of global output, and 60.9 billion cubic metres ofgas, 1.8 percent of world supply.

BP produces about 15 percent of that oil and over 30 percentof the gas along with its partners, which include Shell.

"To ensure the safety and security of our staff, Shelloffices in Egypt are closed for business today and into theweekend, and business travel into the country has beenrestricted. We will continue to monitor the situation in Egypt,"a Shell spokesman said in a statement.

A spokesman for BG, whose offshore liquefied naturalgas (LNG) operations in Egypt account for about a fifth of itstotal production, said there was no change to report and thatall its people were safe and accounted for. The company alreadyin July pulled out 100 expatriate staff and dependents.

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