Ganope Announces Q1 2024 Exploratory Drilling Program with $150M Budget
The Chairman of South Valley Egyptian Petroleum Holding Company (Ganope), Ashraf Bahaa stated that company is now working on the second phase of collecting 3D seismic survey data at the Red Sea, noting that on the completion of its processing, the company will start drilling exploratory drills during Q1 of 2024 costing $150 million.