Egypt

The well plan follows a memorandum of understanding covering natural gas cooperation in the region.

The Cronos-1 well gets underway after 2-plus years of pandemic-related delays.

New discoveries in the Meleiha concession add 8,500 BOE to production.

QatarEnergy is farming into ExxonMobil’s North Marakia deepwater exploration project offshore Egypt as it further grows its position in the East Med and a share of possible future gas sales to Europe.

East Med gas production, leveraged by Egypt’s position at the mouth of the Suez Canal, is redefining geopolitical relations as North Africa, Europe, and the Middle East strive to create a new distribution hub for energy, legacy, and renewables.

The consortium partners are focused on revitalizing mature fields.

Chevron is having to drill a fifth production well at Israel’s Leviathan natural gas and gas-condensate field to keep production ahead of rising demand, driven by exports to Egypt’s growing LNG hub.

The SEMZ-11X is the US independent’s second exploration well in the Southeast Meleiha Concession.

Disputes that closed the plant 8 years ago are now resolved, said Italy’s Eni.

The country expects the digitalization project to promote Egypt’s exploration and production potential worldwide.