drilling | Egypt Oil & Gas

ExxonMobil-Led Consortium to Launch Offshore Drilling in Greece with Stena Drilling

A consortium comprising US oil major ExxonMobil, Energean, and Greece’s leading refiner Helleniq Energy is set to sign a contract with Stena Drilling to initiate exploratory drilling in an offshore block in wester ...

Badawi Inspects Valaris DS-12 as bp,Arcius Launch New Mediterranean Drilling Campaign

Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the Valaris DS-12 drilling vessel, which has recently entered Egypt's territorial waters to begin a five-well natural gas exploration program in ...

ARCIUS Energy, bp Start Offshore Gas Drilling in Mediterranean

ARCIUS Energy and bp are set to begin offshore gas drilling operations in the Mediterranean Sea, following the arrival of the drillship Valaris DS-12 in Egypt to support the development of new exploration wells.

Ganope Targets EGP 4 Bn Revenue in FY 2026/27

South Valley Egyptian Petroleum Holding Company (Ganope) targets revenues exceeding EGP 4 billion and net profits surpassing EGP 1 billion, in the fiscal year (FY) 2026/27, according toAshraf Bahaa the company's C ...

Shell Finds Encouraging Gas Signs at Sirius-1X Well

Drilling results from the exploratory well Sirius‑1X, which is located in the North‑East Alameya block in the Mediterranean Sea and operated by Shell, show encouraging preliminary indications after reaching the ta ...

Türkiye Launches First Offshore Drilling Mission in Somalia

Türkiye has begun the deployment of its deep-sea drilling vessel, Cagri Bey, to Somalia, marking the country’s first offshore exploration mission beyond its own maritime jurisdiction, according to Reuters. Energy ...

Egypt Partners with Global Oil Majors to Double Production in Five Years

Minister of Petroleum and Mineral Resources Karim Badawi has held high-level talks with senior executives from SLB, Baker Hughes, Weatherford, Halliburton, National Energy Services Reunited Corporation (NESR), and ...

MoPMR Targets Drilling 101 Exploratory Wells in 2026

Minister of Petroleum and Mineral Resources Karim Badawi announced an ambitious 2026 roadmap featuring the drilling of 101 exploratory wells to bolster national reserves. Speaking at an American Chamber of Commerc ...

Eni Kicks Off New Investment Program in Egypt with Belayim Well

Karim Badawi, Minister of Petroleum and Mineral Resources, inspected drilling operations at the Belayim offshore 133 well in the Gulf of Suez, marking the first drilling activity under Italian energy company Eni's ...

UK’s Terra Petroleum Debuts in Egypt with Western Desert Exploration Deal

The Egyptian General Petroleum Corporation (EGPC) has signed an oil and gas exploration agreement with UK-based Terra Petroleum, marking the company’s first operations in Egypt. The agreement, worth $6.5 million i ...

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