Egypt starts $1.8bln gas exploration programme – minister

By Sama Mousa On Jul 5, 2023

Egypt started a $1.8 billion programme for gas exploration wells in the Nile Delta and Mediterranean Sea, said petroleum minister Tarek El Molla on Tuesday.

The exploration programme is in cooperation with Shell, ExxonMobil, BP, Chevron, and Eni.

It aims to drill 35 exploration wells in two years in the current fiscal year 2023-2024, and 14 wells in the next year, said El Molla.

BP Chevron Egypt's minister of petroleum Eni ExxonMobil gas exploration Mediterranean Sea Minister Tarek El Molla