Gas Alam
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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U.S.-based Apache Corporation, partnering with Egypt’s General Petroleum Corporation (EGPC), announced a new natural gas discovery in Egypt’s Western Desert, the Ministry of Petroleum and Mineral Resources said. The find followed drilling of the SKAL-1X exploratory well in the South Kalabsha area, with initial tests showing daily output of around 26 million cubic feet of gas and 2,700 barrels of condensates.
QatarEnergy has announced a new expansion of its operations in Egypt through a partnership with Italian energy company Eni in the offshore North Rafah concession in the Mediterranean Sea for natural gas exploration. This addition brings QatarEnergy's portfolio in Egypt to six offshore concessions, partnering with leading international energy firms. The partnerships reflect strong confidence in Egypt's investment climate and energy sector opportunities.