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Gulf of Suez Petroleum Company (GUPCO)

Company Summary

Description

BP joint venture in Egypt with the Egyptian General Petroleum Company.

Website

https://www.bp.com/en/global/corporate/what-we-do/...

Operational Regions

  • Middle East

Related Entities

Recent news

  • 6/3/2019 - BP Plans to Invest $3... (subscriber access)
  • 6/3/2019 - BP Agrees to Sell... (subscriber access)
  • 5/23/2019 - BP Nears Sale of Stake... (subscriber access)

Company Transactions

Date: 6/30/2019
Type: Acquisition

BUYERS:
  • Dragon Oil PLC
  • DETAILS:

    COST: 600 $MM

    NOTES:
    BP announced the sale of its stake GUPCO to Dragon Oil for over $600 million
    REGIONS:
  • Middle East