
Chevron, EGAS sign at least $88 million Lotus offshore deal
Chevron and EGAS have signed an agreement covering at least $88 million of investment for two exploration wells and 3D seismic reprocessing in Egypt’s offshore Lotus area.

Chevron and EGAS have signed an agreement covering at least $88 million of investment for two exploration wells and 3D seismic reprocessing in Egypt’s offshore Lotus area.

EGAS plans to launch a 2026 bid round for natural gas exploration areas in the Western Mediterranean while advancing new wells, production projects, household gas connections and LNG supply measures across Egypt.
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