Egypt signs an agreement with Germany's Wintershall DEA to explore for oil

The Egyptian State Natural Gas Holding Company “EGAS” and the German company, Wintershall Dia, signed a new agreement to search for and produce oil and natural gas in the land area of ​​East Damanhour in the Nile Delta, with minimal investments 43 million dollars, and granting a signature of about 11 one million dollars to drill 8 wells.

and arrived The number of petroleum agreements concluded by the Ministry of Petroleum with investors and partners during the past four years has reached 61 an agreement with a minimum investment of about $6 billion to drill

a well.

The Egyptian Minister of Petroleum, Tarek El-Molla, said that the agreement signed today is the first for the German company in Egypt after the completion of the merger process between “Wintershall” and “DEA”, pointing out that the partnership between the petroleum sector and the German company It has been extended for more than 230 years, and has contributed to achieving distinct production rates of oil and gas in its areas of operation in the Gulf of Suez, the Delta and the Mediterranean.