Egypt to drill 75 new oil wells to stabilise national output
The Egyptian government is launching a 75-well drilling campaign in the Eastern Desert, aiming for a 9% increase in crude output in fiscal year 2024/2025.
| Countries | Égypte |
|---|---|
| Sector | Pétrole, Gaz, Exploration production, Exploration production |
| Theme | Investissements & Transactions, Investissement entreprise |
Egypt has initiated a new oil exploration campaign in the Gulf of Gharib, located in the Eastern Desert, aiming to drill 75 additional wells over the next twelve months. This initiative is led by the state-owned Egyptian General Petroleum Corporation (EGPC), which has mobilised three modern drilling rigs to accelerate the development of this strategically modest yet significant area.
Comments
Sign in to leave a comment.