Majors agree to $350 million drilling spree offshore Egypt

Shell, Eni, BP and Adnoc eye exploration wells in Mediterranean, while Russian junior targets onshore drilling

Egypt's Minister of Petroleum Karim Badawi (third from right) with oil company executives on 31 August 2025 after signing exploration deals. — Egypt's Minister of Petroleum Karim Badawi (third from right) with oil company executives on 31 August 2025 after signing exploration deals.Photo: EGYPT MINISTRY OF PETROLEUM

Iain Esau

Africa CorrespondentLondon

Published 1 September 2025, 11:37Updated 1 September 2025, 11:37

Egypt Shell BP ADNOC QatarEnergy