Chevron has commenced drilling a new development well at the Nargis natural gas field in the Mediterranean Sea — the latest move in Egypt’s rapidly intensifying push to bring undeveloped offshore gas discoveries into production and reverse years of declining output.
The Nargis field, discovered in 2022, is being developed by Chevron as main operator in partnership with Eni, Mubadala Energy, and Tharwa Petroleum Company. Located in the prolific East Nile Delta Basin approximately 50 kilometres offshore, the field represents one of several significant gas assets that Egypt is now accelerating toward production.
Minister of Petroleum and Mineral Resources Karim Badawi reviewed the launch of drilling operations aboard the Stena Forth drilling vessel, which recently arrived in Egyptian waters to begin the campaign. He described the activity as part of the ministry’s strategy to encourage international energy companies to accelerate development of untapped gas discoveries and bring them into the country’s active production portfolio.
Egypt’s upstream resurgence is now being driven across multiple basins simultaneously, with the government’s decision to clear financial arrears owed to foreign partners serving as a powerful catalyst for renewed investment. The policy has unlocked a wave of drilling activity and new field commitments that is producing results across onshore and offshore acreage alike.
The Nargis development adds to a pipeline of Mediterranean gas assets advancing toward production — a pipeline that Egypt is counting on to stabilise domestic gas supply, reduce energy imports, and rebuild its position as a regional gas exporter.
Source: oilreviewafrica.com