The Ministry of Petroleum and Mineral Resources in Egypt has revealed new investment prospects that are intended to improve oil and gas exploration, production, and sustainability. By providing access to six exploration areas in the Western Desert and the Gulf of Suez, as well as seven undeveloped fields in the Mediterranean, the ministry is demonstrating its dedication to boosting the production of gas and crude oil.
The bidding process will be open for two months, ending on May 4, 2025, and these opportunities will be made available through the Egypt Upstream Gateway (EUG). The latest announcement comes after 13 mature fields and exploration areas that received numerous investment offers recently closed their bidding.
Over USD 700 million in investments are anticipated from these offers, which are presently being evaluated; if commercial discoveries are made, this amount could double.
The ministry has assigned two clusters to the seven undeveloped fields in order to speed up gas production in the Mediterranean. The Aten, Merit, and Rahmat fields are in the first group, and the Notus, Salamat, Satis, and Salmon fields are in the second.
There is a lot of room for investment in these areas, which will help Egypt meet its growing energy needs. Through the open investment map on the Egypt Upstream Gateway, the ministry is employing a cluster-based strategy for the first time. Streamlining development and production procedures, cutting production costs, and optimising investment returns are the goals of this approach.
In addition to the Mediterranean, six new exploration areas are being initiated in the Gulf of Suez and the Western Desert. East Geisum, East Gebel El-Zeit, and East Shadwan are among the Gulf of Suez offerings, while North East Bir El-Nos, South Fayoum, and Wadi Sannur are among the areas in the Western Desert. These areas offer encouraging opportunities for oil and gas exploration, which would boost Egypt’s economy and further develop its energy sector.
Minister of Petroleum and Mineral Resources, Karim Badawi, recently highlighted the government’s proactive efforts to stimulate investment in the oil and gas sector. These initiatives have significantly expedited drilling and production operations, leading to a substantial reduction in import costs—saving Egypt USD 1.5 billion in just six months.
During a meeting with members of the House of Representatives and the Senate, Badawi further explained that these efforts have fuelled exploration activities, resulting in major discoveries in the West Mediterranean and King Mariout regions. These findings now align with Egypt’s strategic objective of boosting domestic production and minimising dependence on imports.
“The minister also emphasised the success of the Egypt International Energy Conference (EGYPS 2025), which has reinforced global interest in Egypt’s energy sector. Numerous international companies have expressed optimism about investment opportunities in oil, gas, and renewable energy,” reported Egypt Today.