bp and Abu Dhabi National Oil Company’s (ADNOC) international investment arm, XRG, have announced the financial close and formal launch of Arcius Energy, a global natural gas platform, marking a significant milestone in their collaboration. The joint venture, first revealed in February 2024, is structured with bp holding a majority 51% stake, while XRG owns the remaining 49%.

Arcius Energy will initially focus on Egypt, a key natural gas market, leveraging interests assigned by bp across development concessions and exploration agreements. The platform aims to accelerate gas production and growth across the region. Egypt’s strategic position and bp’s existing infrastructure provide a strong foundation for expansion. Currently, bp and its partners account for approximately 70% of Egypt’s natural gas production through major projects in the West and East Nile Delta.

Murray Auchincloss, bp’s Chief Executive Officer, emphasized the joint venture’s strategic importance: “Arcius Energy creates a dynamic new platform for international growth in natural gas. With ADNOC’s XRG, we’re building on bp’s 60 years of technical expertise and operational excellence in Egypt—a critical hub for unlocking new opportunities in the competitive regional gas market.”

The collaboration reflects ADNOC’s broader international growth ambitions and reinforces Egypt’s status as a regional energy hub. By combining bp’s established presence and expertise with ADNOC’s strategic vision, Arcius Energy is well-positioned to drive future opportunities in the global natural gas sector.

This joint venture also highlights a growing trend of strategic partnerships in the energy industry, particularly as stakeholders focus on bolstering gas portfolios to meet rising global demand.

With Arcius Energy now fully operational, industry leaders will closely watch its impact on Egypt’s production capacity and its role in shaping the energy landscape across the region.

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