Egypt: TotalEnergies and EGAS sign a Cooperation Agreement on offshore exploration

TotalEnergies and the Egyptian Natural Gas Holding Company (EGAS) have signed a Memorandum of Understanding (MoU) focused on exploration activities in a large offshore area located in northwestern Egypt.

The MoU outlines a framework for technical collaboration, including preliminary exploration work and subsurface evaluation activities within the offshore area.

“We are pleased to launch this cooperation with EGAS, which reflects our shared ambition to further strengthen our partnership with the Arab Republic of Egypt. This agreement will support the assessment of Egypt’s deep offshore exploration potential” said Nicola Mavilla, Senior Vice President Exploration at TotalEnergies.