Chevron is eying both acreage in Egypt’s Western Desert oil heartland and the gas-focussed Mediterranean offshore. With Exxon entering the country earlier this year, Chevron would complete the major set.

Egypt’s improving investment climate and relative stability is attracting major players in the oil and gas industry. Fresh from US major ExxonMobil’s February entry into the country’s Mediterranean offshore (MEES, 15 February), MEES learns that compatriot and fellow...