BP has signed an MoU with the Egyptian Natural Gas Holding Company (EGAS) to drill five deepwater gas wells in the Mediterranean Sea, Egypt’s Ministry of Petroleum and Mineral Resources announced on Monday.
The drilling campaign will target five wells at depths between 300 and 1,500 metres and is scheduled to begin in 2026. Any resulting production will be routed to BP’s existing infrastructure in the West Nile Delta.
Egypt is pursuing increased investments in the exploration and production of natural gas to boost output in the context of declining production and rising domestic demand. The MoU with BP closely follows Egypt’s signing in September 2025 of four E&P agreements worth more than USD 340 million with international companies, including Shell, Eni and ADNOC’s Arcius Energy.
“This investment contributes to opening up additional gas resources in the West Nile Delta, and we look forward to working with the Ministry of Petroleum and Mineral Resources in the next phases of development to contribute to meet local demand and increase resources during this decade and the next decade,” said Nader Zaki, regional president for the Middle East and North Africa at BP.
BP has operated in Egypt for more than 60 years and has assets in the West Nile Delta, Atoll and North Alexandria developments.
The company recently completed in February 2025 the El King-2 exploration well in the North King Mariout Offshore Concession in the West Nile Delta, encountering two reservoirs at approximately 2,400 metres. In March 2025, BP completed the El Fayoum-5 gas discovery well in the North Alexandria Offshore Concession, also in the West Nile Delta, encountering four reservoirs at about 2,900 metres.
Source: theenergyyear.com