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  • Is BP making a new oil discovery in Egypt?
  • Picture taken July 18, 2017. (Reuters) Oil major BP has made a new oil and gas discovery in Egypt’s King Mariout Block in the Mediterranean Sea, Egypt’s Prime Minister Mostafa Madbouly said on Wednesday in a televised press conference. Further details about the discovery will be announced soon, Madbouly added.
  • Will Egypt's gas production return to pre-crisis levels by June 2025?
  • The new wells at Zohr are key to a plan to return Egypt’s gas production back to “pre-crisis” levels by June 2025. The Saipem 10000 drillship discovered the Zohr gas field in 2015.
  • How much gas does Egypt produce in 2023?
  • In 2023, the country produced around 59 billion cubic metres of gas, a 11.5 percent drop from the previous year. Last week prime minister Mostafa Madbouly said in a press conference that Egypt intends to return to “normal” gas production levels by 2025 with assistance from international partners.
  • Should Egypt return to LNG imports to supply its domestic needs?
  • Cairo’s need to return to LNG imports to supply its domestic needs was a definite setback to the country’s ambitions to become a net LNG exporter and anchor for an EastMed gas hub, a natural fit given Egypt’s existing LNG infrastructure. The gas hub issue, though, has been put back on the table in the months since Badawi’s appointment.
  • What's going on with Egypt's 'upstream gateway' bid?
  • It is the eighth bidding round hosted on the online Egypt Upstream Gateway, which the oil ministry launched in 2021. On Tuesday Al Mal newspaper, speaking to unnamed government sources, also reported that new incentives are in the pipeline to encourage oil exploration, drilling, production and development.
  • Why is BP drilling in the Mediterranean?
  • This exploration is part of a broader push for offshore drilling in the Mediterranean, which has seen increased activity over the past six months. Credit: Ceri Breeze/Shutterstock. BP has discovered substantial oil and natural gas reserves in the King Mariout offshore block in the northern Mediterranean.