Egypt plans to drill 101 exploration wells this year though, as is usually the case with Cairo’s grandiose announcements, details and context are thin. This is broadly in line with 2025, when around 100 wells were drilled.
This is the first year of a major $5.7bn exploration campaign through which Egypt plans to drill some 480 exploration wells over the next five years, Petroleum Minister Karim Badawi announced in October. (CONTINUED – 1637 WORDS)
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