Egypt’s state-run company EGAS has inked four international deals totaling over $340 million to develop ten new oil and gas wells in the Mediterranean and Nile Delta.
Egypt has concluded four international exploration agreements exceeding $340 million through its state entity EGAS. These involve drilling ten wells across the Mediterranean and Nile Delta. Shell will drill three wells offshore Merneith with $120 million; Eni commits $100 million for three wells at East Port Said; Arcius Energy (BP‑ADNOC JV) will drill three wells near North Damietta under a $109 million deal; and Russia’s Zarubezhneft is set to drill four onshore wells in North El‑Khatatba for $14 million.
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Offshore