Egypt has accelerated pure gasoline manufacturing from two new wells within the Raven gasoline area within the Mediterranean Sea, with output starting in February 2025, three months forward of schedule, in accordance to the Ministry of Petroleum and Mineral Sources.
British Petroleum accomplished drilling the wells utilizing the Valaris DS-12, an ultra-deepwater drillship constructed for offshore oil and gasoline exploration. The swift improvement on the Raven area aligns with Egypt’s broader technique to increase pure gasoline manufacturing, drive financial progress, and draw worldwide funding.
The brand new Raven wells are anticipated to contribute as much as 200 million cubic toes of gasoline per day, with whole investments within the Raven enlargement reaching USD 200 million (EGP 9.95 billion). This output can be built-in into the present West Nile Delta infrastructure, permitting for environment friendly supply to the home market and advancing Egypt’s objective of elevating pure gasoline manufacturing to six billion cubic toes per day by the top of 2025, up from 4.6 billion in 2024.
“This discovery reaffirms our dedication to exploring and appraising gasoline sources that bolster Egypt’s power safety and financial progress,” mentioned Nader Zaki, BP’s Regional President for the Center East and North Africa. “With our established infrastructure, robust execution capabilities, and strategic collaboration with the Ministry of Petroleum, we’re well-positioned to fast-track the event of this discovery and provide gasoline to the home market effectively.”
Following the challenge’s early success, BP has redeployed the Valaris DS-12 to the close by King space and instantly started exploratory drilling within the King-2 nicely in North King Mariout Offshore Concession within the Mediterranean Sea off the coast of Egypt, which was accomplished in early February 2025.
The nicely’s proximity to BP’s present offshore amenities permits for speedy integration of any new discoveries into the manufacturing community, main to 2 promising reservoirs, and BP has already introduced plans to proceed its drilling marketing campaign within the area to entry further reserves and improve the nation’s power safety.
The Ministry of Petroleum’s plan consists of the drilling of 35 new exploratory pure gasoline wells within the Mediterranean and Nile Delta by 2025, with whole investments reaching USD 1.8 billion (EGP 89.56 billion).
Moreover, over the previous seven years, Egypt has partnered with worldwide firms to drill 576 exploratory wells and make 289 new gasoline and petroleum discoveries, considerably enhancing its reserves and establishing itself within the international power market.
