TotalEnergies, EGAS sign Egypt offshore exploration MoU
Key highlights
- TotalEnergies and the Egyptian Natural Gas Holding Company (EGAS) signed an MoU for offshore exploration in Egypt's north-western offshore.
- The MoU covers a large offshore area and sets a framework for technical cooperation on preliminary exploration and subsurface evaluation.
- No investment amounts, schedules or firm timelines were disclosed.
Parties
TotalEnergies and the Egyptian Natural Gas Holding Company (EGAS) signed a Memorandum of Understanding (MoU) on offshore exploration activities.
Scope
The MoU covers a large area in Egypt's north-western offshore and establishes a framework for technical cooperation addressing preliminary exploration and subsurface evaluation activities.
Source: TotalEnergies