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

Getty Images/Getty Images

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

Staff Writer, Arab Finance

August 21, 2024

PHOTO

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.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO