State firm QatarEnergy has been gradually expanding its footprint in Egypt since taking stakes in two Red Sea blocks operated by Shell in 2021. It this week announced it was increasing its holdings in the country’s prolific offshore Mediterranean, from four to five blocks (see table).
QatarEnergy Expands In Egypt Amid US LNG, Namibia Exploration Setbacks
Qatar’s state energy giant has farmed into a seventh Egypt exploration block. Wildcat drilling is already underway on North El Dabaa, with the adjoining block where Qatar partners Exxon set to follow suit next month. But expansion of its LNG empire to the US is delayed, whilst Qatar’s most exciting upstream province offshore southern Africa has suffered a setback.
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IN THIS ARTICLE
Tables
QatarEnergy Now Has Seven Egypt Exploration Blocks, All Offshore
Maps
QatarEnergy Key East Mediterranean Assets
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