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Details of 9 new petroleum agreements to search for oil and gas



Engineer Tariq Al-Mulla, Minister of Petroleum and Mineral Resources, signed 9 new petroleum agreements to search for oil and natural gas in the regions of the eastern and western Mediterranean and regional waters in the Red Sea, with 6 major international and Egyptian companies. The minimum investment that is pumped under the signed agreements is estimated at more than one billion dollars. The agreements target the drilling of 17 new exploration wells in the concession areas. The following are everything related to those nine expected agreements, which include 7 agreements for each of the Natural Gas Holding Company, and these agreements were as follows:


The first agreement: with the American company Exxon Mobil to search in the North Marakia marine area in the Mediterranean, with a minimum investment of $ 112 million, a signature grant of $ 7 million, and drilling 3 wells.


The second: With the American Chevron Company and its partner, Tharwa Petroleum, Egypt, to search in the North Sidi Barani area in the Mediterranean, with a minimum investment of $ 70 million, a signature grant of $ 4 million, and drilling an exploration well.


The third agreement with the American Chevron Company and its Egyptian partner, Tharwa Petroleum, to search in the Narges marine area in the Mediterranean, with a minimum investment of $ 110 million, a signature grant of $ 2 million, and the drilling of two wells.


The fourth agreement: with the American Chevron Company and its partner, Tharwa Petroleum, to search in the North Dabaa region in the Mediterranean, with a minimum investment of $ 70 million, a signature grant of $ 4 million, and drilling an exploration well.


The fifth agreement: with the American company Exxon Mobil and its partner, Tharwa Petroleum, to search in the Maritime Star area in the Mediterranean, with a minimum investment of $ 263 million, and drilling 3 wells.


The sixth agreement: It was signed with the British company BP and its partner Tharwa Petroleum to search in the North Sallum marine area in the Mediterranean, with a minimum investment of $ 59 million, a signature grant of one million dollars, and drilling an exploration well.


The seventh agreement: with the French company Total and its partners Shell, Kuwait's Kofbec, and Tharwa Petroleum to search in the North Ras Knais marine area in the Mediterranean, with a minimum investment of $ 115 million, a signature grant of $ 2 million, and the drilling of two wells.


 The eighth agreement: An agreement for the Egyptian South Valley Petroleum Holding Company with the American Chevron Company and its partner, Tharwa Petroleum, to search for Sector No. 1 in the Red Sea, with a minimum investment of $ 110 million, and the drilling of two wells.


The ninth agreement: An agreement for the Egyptian South Valley Petroleum Holding Company with Shell International and its partner, Tharwa Petroleum, to search for Sector No. 3 in the Red Sea, with a minimum investment of $ 103 million, and to drill two wells.

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