Egypt announces discovery of three gas deposits in Western Desert and Gulf of Suez

Egypt announces discovery of three gas deposits in Western Desert and Gulf of Suez

Egypt has announced the discovery of three new oil and gas deposits in the Western Desert and the Gulf of Suez and unveiled a $10mn plan to boost production, including installing a 23-kilometre pipeline and drilling additional wells.

Egypt announces three new oil and gas discoveries in the Western Desert and the Gulf of Suez. The Egyptian Ministry of Petroleum announced on Tuesday three new oil and gas discoveries in the Western Desert and the Gulf of Suez, thanks to the efforts of Khalda, Petrobel, and GAPCO...

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Ministry of Petroleum Announces Three New Oil and Gas Discoveries in Western Desert & Gulf of Suez

As part of the Ministry of Petroleum and Mineral Resources’ efforts to boost production and encourage operating companies to expand exploration drilling, reflecting the promising potential of Egypt’s energy sector, companies Khalda, Petrobel, and GUPCO have made three new oil and gas discoveries in their concession areas in the Western Desert and the Gulf of Suez.

With the Ministry of Petroleum and Mineral Resources seeking to maximize production rates and encourage companies to increase exploration drilling activities, reflecting the promising potential of the Egyptian energy sector, Khalida, Petroble and Jabco companies have succeeded in achieving three new discoveries of oil and gas in their areas of concession in the Sahara.