Egypt

Six international and Egyptian companies will search for oil and gas in the Mediterranean and Red Sea with the drilling of 17 new exploration wells.

BP started gas production from its Qattameya gasfield development ‎offshore Egypt in the North Damietta offshore concession.

The Damietta LNG plant is expected online by June 2020. The plant will be owned by ENI, EGAS and EGPC.

Egypt Upstream Gateway, a national project for digitizing subsurface information and delivering a digital subsurface platform, will build on Schlumberger’s GAIA digital subsurface platform.

Landmark deal called most significant since 1979 peace treaty.

The Arab world’s most populous country has awarded a string of concessions in a bid to become the region’s next major supplier of natural gas.

The Sidri 36 appraisal well confirmed the downdip westward extension of the Sidri 23 discovery announced last July by the Italian major.

Conventional oil and gas discovered resources in 2019 are on pace to rise 30% from last year and reach their highest level since the beginning of the industry downturn. Here, a recap of the first quarter's 15 biggest oil and gas discoveries, which altogether are propelling the increase.

Current production from the phase is 400 MMcf/D and expected to peak at 700 MMcf/D. A third phase also is slated to come on stream this year.

The benchmark comes as operator Eni solidifies concession agreements and ramps up exploration and development in the North African country.