Egypt plans to drill more than 100 exploratory wells by 2026 as part of an ambitious strategy to enhance domestic oil and gas production, Petroleum Minister Karim Badawi said on Tuesday. Speaking during a roundtable meeting with members of the American Chamber of Commerce in Cairo (AmCham), chaired by Omar Mohanna, Badawi stated that the drilling programme targets both new exploration and the development of existing fields. The minister’s comments come as Egypt works to bridge a domestic production gap. He stated that fossil fuels, led by natural gas and oil, currently account for more than 80% of Egypt’s energy mix. The ministry is focused on accelerating the application of modern technologies to increase crude oil and gas production rates significantly through the exploitation of unconventional resources, Badawi said.

Source: Daily News Egypt April 07, 2026 20:14 UTC