The Ministry of Petroleum and Mineral Resources outlined what it described as its most significant achievements in the oil, gas, and mineral resources sector, as part of the implementation of its strategic work program, with a particular focus on boosting exploration and domestic production to meet local demand.

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi held an extensive meeting to review progress on projects aimed at increasing natural gas production during 2026 and accelerating their connection to the national gas grid.

The Ministry of Petroleum and Mineral Resources has signed a new oil and natural gas exploration agreement with British company Terra Petroleum.

El Wastani Petroleum Company (WASCO) has completed drilling the North El-Basant-1 exploratory well in the Delta, adding an estimated 15 to 25 billion cubic feet of natural gas reserves based on initial tests, as per a statement by the Ministry of Petroleum and Mineral Resources.

The Ministry of Petroleum and Mineral Resources signed a new oil exploration and production agreement in the East Gemsa offshore area of the Gulf of Suez, with investments exceeding $30 million.

Egypt is preparing to launch a new international bid round for oil and gas exploration in four concessions at the Red Sea through the Egypt Upstream Gateway (EUG), Minister of Petroleum and Mineral Resources Karim Badawi announced during meetings held on the sidelines of the World Energies Summit in London.

Egypt plans to drill about 480 new oil and gas exploration wells over the next five years with investments exceeding $5.7 billion, Minister of Petroleum and Mineral Resources Karim Badawi announced during his keynote speech at the World Energies Summit in London.

Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of a drilling contract between bp and Valaris for five new natural gas wells in Egypt’s Mediterranean Sea.

Burullus Gas Company has brought a second well, Sparrow West-1, into production at a rate of 40 million cubic feet of gas per day.

The Ministry of Petroleum and Mineral Resources has completed the evaluation of bids for seven new oil and gas exploration and production areas, offered through the Egypt Upstream Gateway (EUG).

The Egyptian Natural Gas Holding Company (EGAS) has inked a memorandum of understanding (MoU) with ExxonMobil Egypt Upstream Limited to apply a new production-sharing system in the petroleum sector, tied to the latter's ongoing exploration activities in two Mediterranean blocks.

bp plans to boost Egypt’s natural gas production by 160 million cubic feet per day from two wells in the King Mariout and Fayoum deepwater concessions in the Mediterranean Sea during the second half of 2025.

Shell, in partnership with Petronas, plans to invest around $300 million in drilling operations within the West Delta Deep Offshore Concession as part of Phase 11.

British Petroleum (bp) has completed the drilling operations at the El Fayoum-5 gas discovery well in the North Alexandria offshore concession

Minister of Petroleum and Mineral Resources Karim Badawi has directed the Egyptian Natural Gas Holding Company (EGAS) to develop an urgent plan to accelerate the development of undeveloped gas discoveries.

Bid rounds for 13 oil and gas exploration and production areas across different geological basins have been concluded, drawing expected investments exceeding $700 million.

Egypt has signed two agreements worth $13.5 million to boost crude oil production at the Western Desert.

Eni, the Italian energy company, plans to start producing 100 million cubic feet of natural gas per day from the Nour concession area in the eastern Mediterranean by mid-2026.

Dana Gas, a UAE-based energy company, is set to resume its drilling activity in Egypt starting March, following the receipt of overdue payments from the Egyptian General Petroleum Corporation (EGPC).

bp has commenced production from the second development phase of the Raven field, part of the West Nile Delta (WND) project in Egypt, with an expected output of 220 billion cubic feet of gas and 7 million barrels of condensate.