Egypt and US-based energy company Chevron reviewed positive drilling results from the Mediterranean’s Nargis-2 well and progress toward connecting Cyprus’s Aphrodite gas field to Egyptian infrastructure.

Minister of Petroleum and Mineral Resources Karim Badawi witnessed the commencement of drilling operations of a new well at Narges gas field in the Mediterranean Sea.

Chevron is planning to drill the first well to extract natural gas from the Narges 2 field in the Mediterranean during the fourth quarter (Q4) of this year.

Chevron is set to start production from the Narges natural gas field in the Egyptian Mediterranean waters during the first half (H1) of 2025.

he US-based Chevron will inject initial investments worth $3 billion to develop Narges natural gas field in the Egyptian Mediterranean waters during the first half (H1) of 2024.