The exploration sites fall under the Egyptian General Petroleum Corporation (EGPC). Cheiron, a prominent player in the oil and gas sector, has secured exploration rights in the North Sitra and East Sidi Barrani areas.

The company plans to sink four exploratory wells in this region. Meanwhile, Apache has bagged the West Knais K block in the Western Desert, where it intends to drill several wells under a comprehensive agreement designed to boost production.

In a similar vein, Pharos Energy is set to explore the South Abu Senan area with plans to drill three wells. IPR Energy Group, on the other hand, has been assigned the South Wadi El Rayan block, where it will also drill three wells. A consortium consisting of NPC and GHP has won the rights to the G and HNW blocks. The group plans to drill a total of seven wells in these mature fields, which are operated by the General Petroleum Company (GPC), with the aim of maximizing output.

Adding to the excitement, the ministry announced its intention to award four new offshore blocks in the Mediterranean Sea. These blocks have been put on offer by the Egyptian Natural Gas Holding Company (EGAS), with current evaluations underway. This move is part of a broader initiative to exploit undeveloped offshore fields and new exploration blocks in the Western Desert and the Gulf of Suez, expanding investment opportunities even further.

The deadline for these bids was set to close on July 2nd, 2025. Once the submissions are evaluated, results will be announced shortly thereafter. This timeline emphasises Egypt’s commitment to swiftly advancing its oil and gas strategies.

In a broader context, Egypt’s endeavors in the energy sector are not just about boosting local output. These ventures are part of a larger mission to position the country as a key player in the global oil and gas landscape. With the uncovering of new resources and increasing production capacities, Egypt could further establish itself as a crucial supplier.