Egypt plans to drill 35 gas wells by 2025
29 August 2023; MEMO: Egypt plans to drill 35 gas wells by mid-2025, according to the country’s Petroleum Minister on Tuesday, Anadolu Agency reports.
“The drilling of the 35 wells will cost over $1.5 billion in investments, and aims to increase the country’s production and reserves,” Tarek El-Molla said in a statement.
The drilling of the new well is part of a plan worth $1.9 billion to explore for gas in the Mediterranean and the Delta.
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