How has the Egyptian petroleum sector progressed in oil & gas exploration?
The Egyptian petroleum sector has successfully managed to achieve remarkable progress in pushing investments in oil and gas exploration. This falls within the framework of eforts to develop petroleum resources and make new discoverie.
Did Eni find oil in Egypt?
Getty Images Italian energy company Eni made three oil and gas discoveries in Egypt’s western region, with potential for up to 50 million barrels of oil equivalent in reserves, according to the country’s petroleum ministry. The discoveries include oil, gas and condensate reserves in the Mleiha development concession in the Western Desert region.
How many natural gas and crude oil fields are there in Egypt?
Six natural gas and crude oil fields development projects have been successfully implemented and completed in 2021, with total investments exceeding $4 billion. Egypt is well known for its natural gas activities and large discoveries, which started in early 1960s and was crowned by the discovery of the giant Zohr field in 2015.
How much oil does Egypt produce a day?
The Italian producer has total production of about 360,000 barrels of oil equivalent per day in Egypt. Egypt has also expanded the scope of exploration work in the country, awarding rights to US oil major Chevron, Anglo-Dutch Shell and Abu Dhabi’s Mubadala to explore for oil and gas in the Red Sea.
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