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Plan to Drill a Large Group of Wells in the Mediterranean and Delta: Egyptian Ministry of Petroleum and Mineral Resources

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Egyptian Ministry Plans to Drill Wells in the Mediterranean and Delta

The Egyptian Ministry of Petroleum and Mineral Resources has announced a plan to drill a significant number of wells in the Mediterranean and Delta regions. These areas have shown great promise through numerous discoveries. Currently, international companies have submitted applications for evaluation in 12 areas, including 6 on land and 6 offshore.

Launching 45 Natural Gas Wells

The Egyptian Oil Minister has revealed plans to launch 45 natural gas wells in the Mediterranean and the Delta over the next two financial years, starting from 2022-2023. By the end of the previous fiscal year, 10 wells had already been drilled, including the important Al Narjes field with reserves of 2.5 trillion cubic feet. The ministry aims to increase production by drilling 35 more wells with an investment of $1.5 billion over the next two years.

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Development of the Zor Field

The meeting also discussed the development of the Zor field, which began production at the end of 2017. Currently, the 20th well has been completed, and the 5th well is already finished. The field is expected to have a production capacity of 2.2 billion cubic feet of gas per day. The ministry aims to further enhance natural gas production and maintain reserves through these drilling activities.

Meeting with Prime Minister

Prime Minister Dr. Mostafa Madbouli recently met with Minister of Petroleum and Mineral Resources Tarek El-Molla at the government headquarters in the new city of El Alamein. During the meeting, the Minister provided an overview of the natural gas development and exploration activities, highlighting the plan to drill 45 wells in the Mediterranean Sea and Delta with an investment of approximately $1.9 billion.

Source: Egyptian media.

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