Mediterranean Sea
Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, inspected the Valaris DS-12 drilling rig, which recently arrived to launch a programme drilling five new natural gas wells in the Mediterranean Sea for BP and Arcius Energy. Badawi stated that intensifying drilling is a top priority to unlock exploration opportunities and boost output from existing fields. The initiative reflects international companies' confidence in Egypt's investment climate.
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The advanced Valaris DS-12 drillship has arrived in Egypt's territorial waters, marking the start of a drilling programme targeting four new wells in the Mediterranean Sea. Operations will begin with one production well and one exploratory well for BP, followed by two more exploratory wells for Arcius Energy.