Middle East Economic Survey

VOL. LII

No 21

25-May-2009

EGYPT

PGNiG To Spend $48Mn On Its Western Desert Exploration Program

Egypts Ministry of Petroleum announced on 17 May that it had signed an exploration agreement worth $48mn with the Polish company PGNiG for the Bahariya permit in the Western Desert. The company is committed to drilling at least two exploration wells and acquiring 1,350km of 2D seismic, according to a PGNiG spokeswoman. The 4,414 sq km Bahariya Block was offered by the...