The tanks are located in the Nargis Offshore Area concession, operated by Chevron
Energy giant Chevron has announced a significant new gas discovery in the eastern Mediterranean, offshore Egypt. The reservoirs are located in the Nargis Offshore Area concession, operated by Chevron, which has a 45% working interest in the concession.
« Chevron est encouragé et enthousiasmé par le succès de ce premier puits d’exploration qui a rencontré des réservoirs de haute qualité et fait suite à l’entrée de Chevron dans le secteur égyptien en amont en 2020 », a déclaré Clay Neff, président de Chevron International Exploration and Production.
"We look forward to working with the Egyptian government, the Egyptian Natural Gas Holding Company (EGAS) and our other partners to support the growth of the Egyptian energy sector through this exploration program. The Eastern Mediterranean has abundant energy resources and their development is driving strategic collaboration in the region.
Chevron's long history in Egypt dates back to 1937; to date, Chevron is present in all sectors of the value chain, upstream, midstream and downstream. It is the operator of two blocks in the Western Mediterranean (North Sidi Barrani and North El Dabaa), one block in the Eastern Mediterranean (Nargis) and Block 1 in the Red Sea. Chevron has a non-operating interest in two blocks in the Western Mediterranean. (North Marina and North Cleopatra).