The first agreement was made with the global company ‘Shell’ for exploration in the Mirneith marine area in the Mediterranean, with investments of $120 million and the drilling of three wells. It was signed by the President of Shell Egypt, Dalia El Gabry.
The second agreement was with the Italian company ‘Eni’ in the East Port Said marine area, with investments of $100 million and the drilling of three wells. It was signed by the General Manager of Eni in Egypt, Francesco Gaspari, in the presence of representatives from the British company ‘BP’ and ‘Qatar Energy’, partners in the investment in the area, according to a statement from the Egyptian Ministry of Petroleum on social media.
The agreements also included a contract with the Russian oil company ‘Zarubezh’ for exploration in the North Khatatba area in the Nile Delta, with investments reaching $14 million and the drilling of four wells. It was signed by the Deputy Director of the company in Egypt, Yassin Rahalib.
The fourth agreement involved cooperation with the global company ‘Arceus Energy’ in the North Damietta marine area in the Mediterranean, with investments estimated at $109 million. It was signed by the company’s President, Nasser Al Yafie, representing a partnership between the British ‘BP’ and ‘XRG’, a subsidiary of the UAE’s ‘ADNOC’.
The Egyptian Ministry of Petroleum emphasized that the new agreements reflect its commitment to supporting foreign investments and accelerating exploration and search operations, contributing to the development of gas resources and increasing production rates.
