Egypt Signs Oil and Gas Exploration Deals with Dragon Oil, Perenco and Apache Worth over $121mn

Egypt signs oil and gas exploration deals with Dragon Oil, Perenco and Apache worth over $121mn

Egypt said the three deals cover Offshore North Sinai, East El-Hamd (Gulf of Suez), and an integrated Western Desert area, committing more than $121m to exploration work and signing bonuses.

Egypt signs trio of new oil, gas deals

JEDDAH: Egypt has signed three oil and gas agreements worth over $121 million with international firms, boosting its energy sector through new exploration and drilling projects across key hydrocarbon zones. The move is part of the Ministry of Petroleum and Mineral Resources’ strategy to attract international investment and expand exploration activities in the North African

EGPC signs three new oil and gas exploration agreements in Egypt

The Egyptian General Petroleum Corporation (EGPC) has entered into three new exploration agreements with international firms.

Egypt inks three oil and gas exploration deals

The government of Egypt has sealed three new investment agreements worth more than US $121M aimed at boosting oil and gas exploration across key regions of the country. The Ministry of Petroleum confirmed the report and said the agreements were finalized with Parenco Egypt, Dubai-based Dragon Oil, and Apache Corporation, with investments valued at approximately […] The post Egypt inks three oil and gas exploration deals appeared first on Pumps A…

Egypt Signs Three New Oil, Gas Exploration Agreements Exceeding $121 Million

In a strategic move to bolster its energy sector, Egypt has signed three new agreements for oil and natural gas exploration, with total investments exceeding $121 million.