Expanding investment opportunities across Egypt’s geological basins was the focus of the meeting that Karim Badawi, Minister of Petroleum and Mineral Resources, held with Egypt Upstream Gateway (EUG). Badawi in particular highlighted the recent agreement between South Valley Egyptian Petroleum Holding (Ganope) and the British bp for Block (6) in the Red Sea, noting that it represents a positive boost to the ongoing bid round, which is scheduled to close in May 2026.

EUG, Egypt’s National Data Repository, safeguards and manages exploration data while serving as the central platform for promoting upstream opportunities. By streamlining access to seismic and well information, it plays a pivotal role in driving international bid rounds and attracting global investment.

The meeting covered future development plans for the platform and was attended by  Mohamed Radwan, Ganope Vice Chairman for Agreements and Exploration, and EUG Manager.

The Minister commended the team’s efforts in updating technical data and preparing exploration and production studies, specifically praising the integration of artificial intelligence (AI) to enhance analytical efficiency and decision-making.

Moreover, he underscored the EUG’s pivotal role in attracting investment by providing accurate, comprehensive data, producing compelling economic studies and models, and accelerating investment. He noted that the platform also supports current exploration programs, contributing to higher production rates.

Concluding the meeting, Badawi affirmed the ministry’s commitment to providing full support for the EUG’s development and enhancing its role as an integrated digital platform to draw investments in exploration and production activities.

Since its inception in February 2020 and up to August 2025, the EUG has succeeded in attracting investments worth over $1.2 billion to drill 127 wells in 51 areas since its launch in February 2021.