Egypt plans to drill 45 natural exploratory gas wells in the Mediterranean and the Nile Delta with $1.9 billion in investments until mid-2025. The discovery of the new gas field comes at a time when Egypt is seeking to increase its gas reserves and exports for which demand has grown worldwide. Africa: Natural resources can be used to access global supply chains – reportMeanwhile, BP is planning to invest $3.5bn in the exploration and development of natural gas resources in Egypt over the next three years. The company’s plans include drilling four natural gas wells in the fourth quarter of 2023. This includes two in the Raven offshore field in the north Alexandria and west Mediterranean deepwater and two in the King Mariout Offshore and west Abu Qir areas.

Source: The North Africa Journal August 30, 2023 16:45 UTC