Egypt Boosts Oil & Gas Investment wiht Digital Platform Upgrade and Major Seismic Survey
Egypt is strengthening its position as a key energy player with significant investments in both digital infrastructure and exploration activities. Minister of Petroleum and Mineral Resources karim Badawi recently oversaw key developments at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025).
A three-year extension to the contract for the Egypt upstream Gateway (EUG) was signed between Salah Abdelkerim, CEO of the Egyptian General Petroleum Corporation (EGPC), and Sherif Bayoumi, Contry Manager of Schlumberger (SLB) Egypt. This renewal includes approximately $44 million in new investments to further enhance the platform’s capabilities. Since its 2021 launch, the EUG has already attracted nearly $1.2 billion in new investments, supporting exploration and production across 52 blocks and the drilling of almost 130 wells, benefiting around 50 international and local companies.
Minister Badawi highlighted the EUG’s evolution into a state-of-the-art digital platform, streamlining investment procedures and increasing transparency. The platform offers investors access to comprehensive geological data, virtual data rooms, and specialized studies, accelerating decision-making, reducing exploration risks, and improving operational efficiency.
Further demonstrating Egypt’s commitment to expanding its energy sector, a landmark agreement was also signed to launch an advanced seismic survey project in the Eastern Mediterranean region. This 95,000 square kilometre project will utilize cutting-edge Ocean Bottom Node (OBN) technology and is being undertaken by a consortium of SLB and Viridien, following a tender win from the Egyptian Natural Gas Holding Company (EGAS). The agreement was signed by Mahmoud Abdel Hamid (EGAS Chairperson), Sherif Bayoumi (Schlumberger Egypt Country Manager), and Erling Frantzen (Viridien Vice President of Seismic Projects).
Badawi emphasized that the project underscores Egypt’s dedication to unlocking the full potential of its gas resources and attracting further international investment in upstream exploration. The high-resolution data generated will reduce exploration uncertainty and facilitate new drilling campaigns to boost domestic gas production. The survey will be rolled out in three phases, with the frist phase commencing in 2026, covering 18,000 square kilometres.
