Egypt and Chevron Sign US$88 Million Lotus Block Exploration Deal
The deal includes two exploration wells and reprocessing of 3D seismic data, with the ministry saying no deep well has been drilled there before.
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Africa’s second-largest economy secures $88 million from U.S. energy giant Chevron for massive offshore oil and gas exploration
Egypt has finalized a new energy agreement securing a minimum investment of $88 million from U.S. energy giant Chevron to explore for crude oil and natural gas in the Mediterranean Sea.
Egypt’s EGAS, Chevron sign $88m gas and oil exploration deal for Mediterranean Lotus block
The Egyptian Natural Gas Holding Company (EGAS) and Chevron have signed a new agreement with a minimum investment of $88m to explore and exploit natural gas and crude oil in the Mediterranean Sea’s offshore Lotus block. The agreement, signed by EGAS Executive Managing Director Sayed Selim and Chevron’s Exploration Manager for the Middle East, North […]
Egypt's natural gas holding company, Igas, and Chevron Global signed a new agreement for the search for and exploitation of natural gas and crude oil in the marine Lotus region of the Mediterranean, with minimum investments of $88 million. Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing ceremony of the agreement, which includes the drilling of two exploratory wells and the reprocessing of three-dimension…
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