{"id":671043,"date":"2025-08-31T00:00:00","date_gmt":"2025-08-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/31\/foreign-firms-to-invest-some-usd-340-mn-on-oil-and-gas-exploration\/"},"modified":"2025-08-31T00:00:00","modified_gmt":"2025-08-31T00:00:00","slug":"foreign-firms-to-invest-some-usd-340-mn-on-oil-and-gas-exploration","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/31\/foreign-firms-to-invest-some-usd-340-mn-on-oil-and-gas-exploration\/","title":{"rendered":"Foreign firms to invest some USD 340 mn on oil and gas exploration"},"content":{"rendered":"

\n

ENERGY-<\/p>\n

#1- State-owned Egas signed four new natural gas and oil exploration <\/strong>agreements with international companies worth at least USD 340 mn in total<\/strong>, according to a statement<\/a> from the Oil Ministry. The agreements cover offshore and onshore blocks in the Mediterranean and Nile Delta and will see the drilling of ten wells.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The breakdown: <\/strong>Shell will invest USD 120 mn to drill three wells in the offshore Marnith area. Italy\u2019s Eni, alongside BP and Qatar Energy, will put USD 100 mn into the offshore East Port Said area to drill three wells. Russia\u2019s Zarubezhneft will spend USD 14 mn on four wells in the onshore North Khatatba area in the Nile Delta. Arcius Energy, a BP-Adnoc XRG partnership, will invest around USD 109 mn in the offshore North Damietta area. Reuters<\/a> also picked up the story.<\/p>\n

\n

\n

#2- The Oil Ministry successfully completed the drilling of the exploratory <\/strong>well North<\/strong> Lotus Deep-1 in the Western Desert<\/strong>, operated by Agiba Petroleum in partnership with Italy\u2019s Eni, according to a ministry statement<\/a>. The well is already online, adding around 1.8k barrels of crude and 7 mcf\/d of gas \u2014 equivalent to roughly 3.1k barrels of oil.<\/p>\n

Two new wells from the Burullus Gas Company \u2014 a JV between Shell, Petronas, Egas, <\/strong>and the EGPC \u2014 in the deepwater West Delta also went online<\/strong>, adding a combined 60 mcf\/d of natural gas to the country\u2019s production, according to a separate statement<\/a> from the ministry. Reuters<\/a> also picked up the story.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS- Oil Ministry completed the drilling of the exploratory well North Lotus Deep-1 in the Western Desert<\/p>\n","protected":false},"author":1,"featured_media":671044,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,7135,93,197,72,91,371,594],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-671043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-egas","tag-energy","tag-eni","tag-enterpriseam","tag-oil-and-gas","tag-oil-ministry","tag-shell","wpautop","entry"],"acf":{"mongo_id":"fa033442-45a2-4487-af86-5dcdc7f99d1a","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/2299.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt secures USD 340 mn in fresh oil and gas exploration agreements","related_issue":[671022],"teaser":"PLUS- Oil Ministry completed the drilling of the exploratory well North Lotus Deep-1 in the Western Desert","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.19e6d2cd-d98f-4d1b-ae1e-f35f9e413ec1.mp3"},"yoast_head":"\nForeign firms to invest some USD 340 mn on oil and gas exploration - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/31\/foreign-firms-to-invest-some-usd-340-mn-on-oil-and-gas-exploration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign firms to invest some USD 340 mn on oil and gas exploration\" \/>\n<meta property=\"og:description\" content=\"PLUS- Oil Ministry 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is worthy of your attention this morning, all stemming from the 9th Mediterranean Offshore Conference, which saw a number of IOCs on Tuesday \u2014 including Shell, Eni, and Edison \u2014 make commitments to expand and expedite their activities in Egypt: EGAS and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567393,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egpc-signs-usd-450-mn-in-oil-and-gas-ep-agreements\/","url_meta":{"origin":671043,"position":1},"title":"EGPC signs USD 450 mn in oil and gas E&P agreements","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"EGPC signs USD 450 mn in oil and gas E&P agreements: The state-owned Egyptian General Petroleum Corporation (EGPC) yesterday signed nine oil and gas exploration and production agreements that will see companies invest at least USD 452 mn to drill 38 wells in concessions in the Mediterranean and Western Desert,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/664.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643111,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/egypt-signs-oil-and-gas-agreements-with-shell-apex\/","url_meta":{"origin":671043,"position":2},"title":"Egypt signs oil and gas agreements with Shell, Apex","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"Apex International, Royal Dutch Shell sign USD 81 mn in exploration agreements: The Oil Ministry signed three oil and gas exploration agreements for 16 new fields in the Western Desert worth at least USD 81.4 mn with Royal Dutch Shell and Apex International Energy, according to Reuters. The ministry said\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592108,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/26\/egypt-signs-usd-155-worth-of-oil-and-gas-agreements\/","url_meta":{"origin":671043,"position":3},"title":"Egypt signs USD 155-worth of oil and gas agreements","author":"enterpriseam admin","date":"26 December 2019","format":false,"excerpt":"Egypt signs USD 155 mn-worth of oil and gas agreements: The Egyptian General Petroleum Company (EGPC) and Ganope have signed four oil and gas exploration and production agreements that will see companies invest at least USD 155 mn to develop concessions in the Gulf of Suez, Nile Valley, and the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/172.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589549,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/05\/oil-majors-to-invest-usd-1-8-bn-here-by-2025-in-search-for-gas\/","url_meta":{"origin":671043,"position":4},"title":"Oil majors to invest USD 1.8 bn here by 2025 in search for gas","author":"enterpriseam admin","date":"5 July 2023","format":false,"excerpt":"Chevron, Eni, ExxonMobil, Shell, and BP will drill a total of 35 wells by 2025","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/101.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607148,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/four-international-companies-awarded-oil-and-gas-exploration-blocks\/","url_meta":{"origin":671043,"position":5},"title":"Four international companies awarded oil and gas exploration blocks","author":"enterpriseam admin","date":"27 September 2023","format":false,"excerpt":"Four concessions were handed to Eni, BP, Qatar Energy, and Zarubezhneft","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1599.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=671043"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671043\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/671022"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/671044"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=671043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=671043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=671043"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=671043"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=671043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}