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Egypt Signs Halliburton Agreement for 50-Well Drilling Program over 18 Months

Summary by Egypt Today
The initiative aims to unlock previously inaccessible oil and gas resources, particularly in geological formations that could not be developed economically using conventional drilling methods.

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Egypt signed an agreement with Halliburton to prepare a programme for the drilling of 50 oil wells in 18 months, using horizontal drilling and hydraulic break-up, with a view to increasing domestic production of oil and gas.

According to a statement issued by the Ministry of Petroleum on Thursday, the agreement includes the use of state-of-the-art horizontal drilling and multi-phase hydraulic break-up technologies, which contribute to maximizing the use of resources [...] the article on petroleum contracting with Haliberton for the drilling of 50 wells in 18 months written in the Stock Exchange.

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alborsaanews.com broke the news on Thursday, November 12, 2026.
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