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The Energy Oil website published a report on gas development in Egypt, indicating that it would become a real energy hub in the Middle East.
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A map of Egyptian gas sites in the desert, as well as a field in the Mediterranean
The future of Egypt is very promising and the many concessions granted at the IGBE 2019 conference in Cairo show that after years of economic stagnation, due in part to the security turmoil in Egypt, the Egyptians have resumed the top.
He added that, despite lingering concerns over security issues in Western Sahara and northern Sinai, this problem was no longer a problem for investors. On the second day of EGPS 2019, the Egyptian General Petroleum Corporation (EGC) "He said.
The site published a map of the sites in which the Dutch company Shell had acquired 3 concessions, including all raw sectors of Sector 7 in the west of Fayoum, Sector 9 South East of Horus, Sector 10 south of Abu Sinan. Sector 11, east of Siwa, sector 2 of the General Petroleum Company, sector 4 of Neptune Energy and sector 5 North Beni Suef at Merlon International.
The site adds that the American oil company "ExxonMobil", which has not been active in Egypt for years, entered Egypt by conquering the northern and northern concessions of Sidi Gaber, while the northern regions of Fanar went to the companies "Shell" and "Petronas" North West of Sherbin for the British oil giant British Petroleum and the Italian company Eni.
The site says that in addition to the interests of international oil companies, the Arab oil and gas company "Dana Gas" is expecting major new discoveries.
The company will begin drilling in 2019 in an area that it believes could become the giant gas field of Egypt in the Mediterranean, with data showing reserves of up to 20 trillion cubic feet. The first drilling will take place in an area that is expected to contain 40 trillion cubic feet, indicating that the target area is part of a field north of El Arish in the eastern Mediterranean.
Source: oil price
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