Egypt
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The contracts build on Cairo’s decades-long strategic energy alliance with Moscow, which will soon include nuclear energy. -
Global majors remain committed to boosting investment in Egypt’s offshore gas production as they eye Cairo’s underutilized LNG capacity.
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By boosting gas supplies to Egypt’s home market, Cairo can return its focus to developing an LNG export hub.
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The new wells at Zohr are key to a plan to return Egypt’s gas production back to “pre-crisis” levels by June 2025.
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Arcius’ remit covers the Shorouk concession, home to the Zohr gas field whose production decline has been fueled by a lack of investment.
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Updates about global exploration and production activities and developments.
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Chevron CEO Mike Wirth urges more optimistic and balanced conversations regarding the energy transition.
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Updates about global exploration and production activities and developments.
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BP will offer up development concessions while ADNOC will provide cash for growth opportunities.
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The award to Norway’s Longitude Engineering covers deepsea design and engineering services for Phase 10 of Egypt’s West Delta Deep Marine Concession.
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