_1777352244987_250242181.png&w=64&q=75){kind=small}
_1777352244987_250242181.png&w=3840&q=75)
Mediterranean Oil and Gas Exploration Deal
An Egyptian natural gas company and the international Chevron company have signed an agreement to explore for natural gas and crude oil in the Lotus Marine area in the Mediterranean Sea. The project is estimated to cost no less than $88 million and includes drilling two exploration wells and reprocessing 3D seismic data. The area is located approximately 200 km from the coast and represents an opportunity to discover new resources of gas and oil, especially since no deep wells have been previously drilled there. The agreement underscores the Ministry of Petroleum's efforts to expand exploration and drilling activities, supported by international company investments, and aims to achieve positive results from drilling operations as part of a plan to increase domestic production of petroleum resources.
Notice: This Is an AI-Generated Summary
Comments (0)