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flag Egypt to drill 480 oil wells by 2030, partnering with BP and Eni to boost energy security.

flag Egypt plans to drill 480 exploratory oil wells over the next five years, including 101 in 2026, as part of a $5.7 billion effort to reverse declining oil production. flag The initiative, announced on October 14, 2025, involves partnerships with international firms like Eni and BP, focusing on exploration in key regions, especially the Mediterranean Sea. flag A new offshore agreement with BP and Valaris will develop five natural gas wells using a deepwater rig, supporting Egypt’s goal to boost domestic energy output, reduce imports, and enhance energy security.

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