Egypt begins $1.8-bln exploration programme
Egypt The campaign will consist of drilling 21 wells within the 2023/24 financial year and 14 wells in the 2024/25 financial year.
The government will work in conjunction with energy giants Eni, Chevron, ExxonMobil, Shell and BP on the project.
The minister also mentioned that Egypt was developing the Nargis, Satis, and Nour gasfields in the Mediterranean; the East Damanhour field in the Nile Delta; and the Faramid and Al Abyad fields in the Western Desert.
In the last five years, Egypt has added 1.32 billion boe and 163 bcm (5.75 tcf) of gas to its national reserves.
Recent Posts
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium wins yet more FPSO work in Guyana
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore seals $350-million Gulf of Mexico deal
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More