We are excited to announce that Perenco North Sinai signed a new agreement with H.E. Tarek El-Molla, Egypt’s Minister of Petroleum and Mineral Resources, to add 140 Km2 to the existing Offshore North Sinai development lease in the Eastern Mediterranean.
Eng. Raafat El Beltagy, CEO & President, said that the initial investment in the new area is about $100 Million, and that will enable us to continue our operatorship in the Eastern Mediterranean to meet Egypt’s growing demand.
MOG Energy Announces Significant Gas Discoveries in Offshore North Sinai Concession
MOG Energy is thrilled to announce two significant gas discoveries made through the successful drilling of two wells, Aton-1 & KSE-2, in the offshore North
