With the consent of Minister of Petroleum and Mineral Resources Tarek El Molla, Energean Egypt Limited and Egyptian General Petroleum Corporation (EGPC) signed the second amendment of the concession agreement for petroleum exploration and exploitation in the North Idku offshore area of the Nile Delta, issued by Law 143 of the year 2021.

It is worth noting that this amended agreement, with the North Amriya Offshore Concession Agreement, will contribute to the development of a number of discoveries. This will be accomplished through an integrated project, including drilling 4 wells connected to the facilities of Abu Qir Company, which will contribute with daily production rates of approximately 90 million cubic feet of gas and 1,000 barrels of condensate.

With investments worth $236 million for this project, Energean has most certainly confirmed its commitment and keen interest in the Egyptian concession areas.