Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of a drilling contract between bp and Valaris for five new natural gas wells in Egypt’s Mediterranean Sea.

Khalda Petroleum, in collaboration with its partner Apache, has made three new crude oil and gas discoveries in its concession areas in Egypt's Western Desert.

Egypt estimates the initial reserves of bp’s newly announced natural gas discovery in the King Mariout concession in the northern Mediterranean Sea at 3 to 4 trillion cubic feet.

US energy company ExxonMobil will start drilling two exploratory natural gas wells at the Cairo and Misri concessions in Egypt’s Mediterranean Sea during the first quarter (Q1) of 2026.

The General Petroleum Co (GPC) is planning to drill 41 new wells in the Eastern and Western Deserts and the Gulf of Suez to explore and produce oil and natural gas.

bp p.l.c has concluded the drilling works for the two additional wells at the Raven gas field in the Mediterranean Sea, the Ministry of Petroleum and Mineral Resources announced.

Cheiron is seeking to produce 70 million cubic feet of natural gas per day from Egypt’s West Burullus concession in the Mediterranean by July.

The first well in the North Cleopatra and North Marina fields is expected to be put into production during the current fiscal year (FY) 2024/2025.

Halliburton, the American oilfield services company, is preparing three deep-water wells in Egypt to enter into production during the first half (H1) of 2025.

The Egyptian Natural Gas Holding Company (EGAS) is offering the development of the Salamat natural gas field to international oil companies after reclaiming the field from global energy giant bp last year.

PetroBakr Petroleum Co has commenced the development drilling operations at the “Arta 92” well, with plans to achieve a production rate of 350 barrels of oil per day.

The Egyptian Natural Gas Holding Company (EGAS) has decided to offer the Satis gas field in the northern Mediterranean for development to international oil companies, following bp’s withdrawal from the project.

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.