Egypt has announced an ambitious plan to drill 480 exploratory oil wells with a total investment of $5.7bn (E£271.59bn) over the next five years. This initiative aims to reverse the country's ...

– Egypt plans to drill 480 exploratory oil wells over the next five years with a $5.7 billion investment. – Egypt’s current production capacity is approximately 559,000 barrels of oil per day. – ...

CAIRO, Aug 29 (Reuters) - Egypt's petroleum ministry said on Friday that two new wells in the deepwater West Delta have gone online, adding about 60 million cubic feet per day (mcfd) of natural gas to ...

Chevron targets up to a 50% lift in Eastern Mediterranean production capacity over five years while advancing a Cyprus to ...

The British energy giant expects to start the drilling campaign next year, with plans to use existing West Nile Delta production facilities. Image by frentusha via iStock BP PLC has signed a ...

The project involves engineering and installation tasks at water depths of 450-660 m, including connecting three new gas wells and installing triple tie-in spool bases to ...

TransGlobe Energy has come up dry at a second wildcat well in its North West Sitra permit in Egypt's Western Desert, completing its work commitment in the licence. The NWS 12X well targeted a stacked ...

AL-MONITOR is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

BP plc BP has signed a preliminary agreement with the Egyptian Natural Gas Holding Company (EGAS) to drill five new Mediterranean gas wells, Egypt’s Petroleum Ministry said Monday. The move highlights ...