The Zohr natural gas field in the Mediterranean will undergo new drilling operations by the Italian energy company Eni over the coming period, Minister of Petroleum and Mineral Resources Karim Badawi announced.

The US energy giant Chevron will start drilling an exploratory well in the deep waters of Egypt’s Mediterranean Sea at its Nargis concession area next month, with an estimated investment of $150 million.

Egyptian Kuwaiti Holding (EKH) has agreed with Ministry of Petroleum on the expansion of the offshore concession areas granted to its subsidiary North Sinai Petroleum Company and converting the added exploration area into a development contract.

The Gulf of Suez Petroleum Company (GUPCO) is planning to drill five new oil development wells in the North Safa and Al Wasl fields, the company’s Chairman Salah Abdel Kareem said during the Minister of Petroleum Karim Badawi’s field monitoring.

UK-based oil and gas firm bp Plc is drilling two natural gas and condensates development wells at its West Raven field, one of the offshore West Nile Delta fields, with investments estimated at $200 million.

The Italian energy firm Eni is planning to drill new wells in its concessions in Egypt to scale its production up, COO Guido Brusco stated during a meeting with the Egyptian Minister of Petroleum and Mineral Resources Karim Badawi.

Egypt and Tanzania have agreed to proceed with the drilling of 30 additional groundwater wells and the construction of two rainwater harvesting dams in the latter.

Shell Plc’s natural gas reserves from Mina West and Khufu oil fields at the Mediterranean Sea of Egypt have reached around 2 trillion cubic feet.

Shell has discovered two new oil wells in the Mediterranean Sea of Egypt, namely Mina West and Khufu.

The Saudi drilling services provider ADES Holding Company is planning to complete the drilling of six production wells within the second half (H2) of 2024 at an oilfield affiliated to Egypt’s General Petroleum Company (GPC) in the Gulf of Suez’s Ras Ghareb region.

The Egyptian General Petroleum Corporation (EGPC) is targeting to drill 37 new exploration wells by the end of June as part of the 2023/2024 oil exploration plan.

ENAP Sipetrol Egypt will pump investments worth $70 million during 2024, the company’s Chief Executive and Managing Director Denisse Abudinén revealed in a meeting with Minister of Petroleum and Mineral Resources Tarek El-Molla.

The Gulf of Suez Petroleum Company (GUPCO) has started production at the first well of the North Safa oil field in the northeastern Ramadan region of the Gulf of Suez, Ministry of Petroleum and Mineral Resources announced.

Shell Egypt has completed the drilling of the first well in its three-well exploration campaign, Mina West, which is situated in the North East El-Amriya block of the Mediterranean Sea.

Egypt will need at least $1.5 billion in investments for the development of new natural gas well discoveries, Minister of Petroleum and Mineral Resources Tarek El-Molla said.

Egypt is currently carrying out a plan to drill 45 natural gas wells in the Mediterranean and the Nile Delta with around $1.9 billion in investments

Cheiron Energy has announced a new oil discovery in the Geisum and Tawila West concession in the Gulf of Suez.

Shell will start drilling new oil exploration wells in its new concession areas in Egypt’s Mediterranean in September, with investments of over $80 million for the first well.

The Egyptian cabinet approved three draft petroleum commitment agreements for the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and a number of international firms, with a total minimum drilling of 13 wells, and investments of about $319.5 million, according to a statement on July 27th.

Sharjah-based natural gas company Dana Gas is planning to invest around $100 million into drilling 11 new wells in Egypt this year, the company’s Head of Investor Relations and Corporate Communications Mohammed Mubaideen said.