Egypt’s Energy Pivot: Upstream Growth in the Mediterranean and Nile Delta
Egypt is embarking on a defining new chapter in its energy sector, placing the vast, gas-rich potential of the Mediterranean Sea and Nile Delta at the forefront of a national upstream revitalization. The government's recently unveiled five-year exploration master plan will channel $5.7 billion in investments to drill 480 new wells by 2030, a strategic pivot designed to reverse production declines and cement Egypt's status as a premier regional energy hub. While the plan spans Egypt’s key hydrocarbon provinces, its center of gravity lies in the deep waters and complex geologies of the Mediterranean and Delta, regions that hold the key to the country's next wave of energy security and export growth.