Gulf of Suez | Egypt Oil & Gas

EGPC Signs $30mm Oil Exploration, Production Deal with Cheiron

Cheiron has signed with the Egyptian General Petroleum Corporation (EGPC) an agreement for oil exploration and production in the East Gemsa offshore area in the Gulf of Suez. The deal, which covers the drilling of ...

Egypt Makes New Offshore Oil Discovery in Gulf of Suez

Ministry of Petroleum and Mineral Resources announced a new offshore oil discovery in the Gulf of Suez after drilling the NER-1X well. Production is expected to begin within days at about 3,000 bbl/d, using the ex ...

Egypt Extends Eni Concession in Gulf of Suez and Nile Delta to 2040

Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italy’s Eni, to extend the Gulf of Suez and Nile Delta concession until 2040. This extension allows for the full economic utilization of t ...

Badawi to Petrocast: Egypt’s 2026 Mediterranean Drilling Campaign Targets 12 tcf of Gas

Egypt will launch one of the largest natural gas exploration campaigns in the Mediterranean in 2026, marking a major step in reviving domestic production and attracting new investments, Karim Badawi, Minister of P ...

Ganope Completes Red Sea Geological Expedition to Support Upcoming Bid Round

The South Valley Egyptian Holding Petroleum Company (Ganope) has completed a geological field expedition in the southern Gulf of Suez and Red Sea region to deepen understanding of the basins, supporting the planne ...

UAE Dragon Oil to Invest $30mn in New Wells in Gulf of Suez

UAE Dragon Oil has signed a new agreement with the Egyptian General Petroleum Corporation (EGPC) to drill at least two new oil and gas wells within East El-Hamd area in the Gulf of Suez region with investments of ...

EGPC Strikes Three New Exploration Agreements Across Egypt

The Egyptian General Petroleum Corporation (EGPC) has signed three new agreements with international companies to explore for oil and gas in the Western Desert, Gulf of Suez, and North Sinai regions.

Ministry of Petroleum Leads Rescue After Gulf of Suez Marine Barge Capsize

The Ministry of Petroleum and Mineral Resources immediately activated its emergency plan following the incident involving the marine barge Admarine 12, deploying sector rescue teams in the Gulf of Suez and mobilis ...

Cabinet Greenlights $252mn in Energy Agreements

The Cabinet approved five petroleum concession agreements between the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of international companies. These ...

KNOC Mulls Expanding Investments in Egypt’s Petroleum Sector

Minister of Petroleum and Mineral Resources Karim Badawi met with CEO and President of the Korea National Oil Corporation (KNOC) Kim Dong Sub and his accompanying delegation to explore investment opportunities and ...

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