Egypt Announces Discovery of New Oil Field in Gulf of Suez Amid Severe Energy Crisis

Written by Ruth Rodrigues

Published on 24/08/2023 at 08:25

Fonte: DAILY NEWS EGYPT

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The Discovery Of The New Oil Field In The Gulf Of Suez Offers A Glimpse Of Hope For Egypt, Which Seeks To Not Only Overcome Its Energy Crisis, But Also Consolidate Its Position As An Important Supplier Of Energy Resources.

In an effort to combat the energy crisis plaguing the country, Egypt’s military regime revealed promising news: the discovery of an unexplored oil field in the Gulf of Suez. This discovery is seen as a critical step to increase reserves and partially alleviate the pressure of domestic and export demands for energy resources.

Discovery Of Oil Field In Egypt Offers Relief During Energy Crisis

According to the Ministry of Petroleum, Cheiron played a key role in identifying the new oil field in the Geisum and Tawila West concession area, located in the Suez region.

Through the successful drilling of the fourth energy reserves well in the area, the company was able to confirm the presence of the GNN field.

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Investments In Exploration Seek To Meet Domestic And Export Demands

Egypt’s priority is to increase its energy resource production, especially natural gas, in order to meet the growing domestic and European demands.

Despite record temperatures, the country faced blackouts during this summer to conserve its reserves.

In 2022, Egypt’s natural gas exports reached US$8.4 million, representing an impressive increase of 171% compared to the previous year.

It is worth mentioning that, last December, another significant discovery was made along the northeastern coast of the Mediterranean Sea.

This new field features substantial reserves of up to 3.5 trillion cubic feet of natural gas, providing an additional source of energy resources for Egypt at a crucial time.

With these recent advancements and the discovery of the new oil field, Egypt is taking solid steps to overcome the energy crisis and ensure a more stable future regarding energy supply.

Egypt Announces Discovery of New Oil Field in Gulf of Suez Amid Severe Energy Crisis

The Discovery Of The New Oil Field In The Gulf Of Suez Offers A Glimpse Of Hope For Egypt, Which Seeks To Not Only Overcome Its Energy Crisis, But Also Consolidate Its Position As An Important Supplier Of Energy Resources.

Discovery Of Oil Field In Egypt Offers Relief During Energy Crisis

Investments In Exploration Seek To Meet Domestic And Export Demands

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Egypt Announces Discovery of New Oil Field in Gulf of Suez Amid Severe Energy Crisis

The Discovery Of The New Oil Field In The Gulf Of Suez Offers A Glimpse Of Hope For Egypt, Which Seeks To Not Only Overcome Its Energy Crisis, But Also Consolidate Its Position As An Important Supplier Of Energy Resources.

Discovery Of Oil Field In Egypt Offers Relief During Energy Crisis

Investments In Exploration Seek To Meet Domestic And Export Demands

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Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

Scientists have created a material six times lighter than air, 75 times lighter than styrofoam, and that becomes stronger the more it is compressed: aerographite seems impossible, but it can reinforce structures, batteries, and satellites.

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