Egypt signs new gas exploration deals with Italy’s Eni and Britain’s BP

Egypt’s oil and gas companies EGPC and EGAS have signed a new agreement with Italy’s Eni, and Britain’s BP, to begin exploration activities in the Mediterranean Sea. The agreement includes drilling an exploratory well in the Temsah concession area in the next few months as well as further discovery opportunities. Eni plays a significant role in Egypt’s energy sector, while BP has had a presence in Egypt for over 60 years.