Exploration & Production

Egypt signs three oil and gas exploration agreements

Egypt’s government has signed three accords to explore oil and gas resources across the country
By Staff reporter 13 July 2018 0 31727

Egypt’s government has signed three accords to explore oil and gas resources across the country, Agence Ecofin has reported.

The UK’s GHP Corp. has been contracted to drill four wells in the Gebel El-Zeit concession, while Perenco has been granted an offshore concession in North Sinaï. Egyptian General Petroleum Corp. has been granted access to explore in the Gulf of Suez.

The value of the contracts has not been disclosed.