French main TotalEnergies signed an MoU with Egyptian state fuel agency EGAS on 13 Might, “to strengthen technical cooperation on deep offshore exploration within the North-West Mediterranean space of Egypt,” the agency’s Egypt MD Pascal Breant posted on LinkedIn.
The enormous block, which has not been publicly named, is positioned to the north of the North Ras Kanayis block, which Whole relinquished in 2024 after opting in opposition to additional exploration (MEES, 1 Might). Whole will research the brand new block for 2 years earlier than deciding whether or not to proceed to a concession settlement, based on a supply at Egypt’s petroleum ministry. (CONTINUED – 341 WORDS)
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