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16.15 billion dollars in investments.. 7 information on petroleum agreements within 7 years


As a result of the oil auctions during the past seven years, and after stopping the signing of agreements from 2010 to October 2013, a large number of oil agreements were signed, and the following is the most important information related to it, and they were as follows:


1- Signing 98 new petroleum agreements with international companies to search for oil and gas during the period from July 2014 to April 2021.


2- The volume of investments is a minimum of about 16.15 billion dollars, and a signature grant of about 1.14 billion dollars.


3- It includes drilling 379 wells.


4- Signing 94 development contracts for new petroleum discoveries.


5- Total development grants of about $45.5 million.


6- Among the most important development contracts are the Zohr field development contract, and the Atoll field development contract in the North Damietta Offshore Commitment Area in the Mediterranean Sea.


7- Achieving 351 new petroleum discoveries, 241 for crude oil, 110 for gas. Petroleum reserves added about 400 million barrels of oil and condensates, and 38 trillion cubic feet of natural gas.

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