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flag Egypt’s Zohr-9 well produces 70 million cubic feet of gas daily, reducing imports and boosting domestic supply.

flag Egypt’s Zohr-9 well in the Mediterranean Sea is producing 70 million cubic feet of gas daily, boosting domestic supply and reducing imports, as part of a broader drilling expansion in the Zohr field operated by Petrobel. flag The project, involving Eni, Rosneft, bp, and Mubadala, reflects improved investment confidence. flag Meanwhile, Kuwait Oil Company plans $3.9 billion in exploration drilling by 2030 to support a target of 4 million barrels per day by 2035, with a 100% success rate in initial offshore drilling and new gas discoveries. flag In the U.S., Citizen Energy Ventures launched a $20 million fund to drill eight new wells in Oklahoma’s Cherokee Formation, aiming to build long-term reserves and marking its entry into retail private placements.

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