Chevron has made a major gas discovery offshore Egypt, according to the country’s petroleum minister.
The news will be a boon to Egypt, where gas output is falling amid rising domestic demand, and the US supermajor, which acquired Noble Energy in late 2020 and saw it become operator of the region’s second biggest gas field at Leviathan in Israel.
In October, Chevron spudded the Nargis-1 probe on its Nargis Offshore block using the drillship Stena Forth, with the Middle East Economic Survey (MEES) breaking the news earlier this month that the discovery could hold about 3.5
