Nine deals will see 17 wells drilled across the Mediterranean Sea and Red Sea
Red sea
Egypt awards Red Sea exploration concessions to Shell, Chevron, and Mubadala
This is Egypt’s first licensing round for the Red Sea, following successful bidding rounds across multiple regions
Iran oil tanker impaired but in stable condition in Red Sea: NITC
The National Iranian Tanker Company has reported a technical defect with one of its vessels currently in the Red Sea, but noted that it was in stable condition
Saudi Aramco to use autonomous subsea seismic acquisition fleet for Red Sea exploration
Saudi Aramco plans to use 200 of its Spice Rack autonomous subsea seismic acquisition units, created in collaboration with EXPEC ARC, Seabed Geosolutions and other partners, in its Red Sea ocean bottom survey.
Egypt launches international bidding round for 10 Red Sea exploration blocks
The ministry said this falls within its strategy to “achieve optimum economic utilisation of all potentials and natural resources to contribute to the sustainable development of Egypt”
Saudi Arabia discovers large quantities of gas in Red Sea
Saudi Aramco has made a strong push towards growing its gas portfolio