ExxonMobil invests $90mln in seismic surveys in Egypt’s North Marakia

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The firm intends to expedite drilling operations once the drilling rig arrives in October 2025

Staff Writer, Arab Finance

August 21, 2024

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Arab Finance: The US-based ExxonMobil Egypt has invested $90 million in seismic surveys for a 15-kilometer area at its concession in West Mediterranean’s North Marakia, the company’s Chairman Amr Abou Eita stated.

Abou Eita added that the firm intends to expedite drilling operations once the drilling rig arrives in October 2025.

This came during a meeting between the Minister of Petroleum and Mineral Resources Karim Badawi and a delegation from the firm.

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