ENPEDCo, EGPC ink agreements for Western Desert oil and gas exploration

The Egyptian National Petroleum for Exploration and Development Company (ENPEDCo) and the EGPC signed two agreements to explore oil and gas in the Western Desert last week, the Oil Ministry said in a statement (pdf). The companies intend to invest at least USD 4 mn to drill four exploratory wells in the Abu Sennan and Ras Qattara concessions.