Retuers quoted BP Egypt country manager Hesham Mekawi as saying: "BP is committed to unlock Egypt’s oil and gas potential and gradually double its gas supply during this decade.
"This will be achieved by injecting more than $12 billion in the next five years."
Egypt has been looking at overseas investors to ease the energy crises that the country is undergoing.
The country intends to repay $4.9bn debt to overseas oil and gas companies within six months.
This move will prompt companies to make investments on exploration activities.
