en.Wedoany.com Reported - The Egyptian Natural Gas Holding Co. (EGAS) has signed an onshore concession agreement with Harbour Energy PLC for the Disouq area in the Nile Delta, while the Egyptian General Petroleum Corp. (EGPC) has reached a Heads of Agreement (HoA) with Eni SPA for the offshore Port Fouad development zone in the Mediterranean Sea.

Under the agreement, two new blocks will be added within the Disouq onshore concession area. Harbour Energy has committed to drilling two new exploration wells and performing maintenance work on a production well under the Disouq-1 development lease. The initial investment for the project amounts to $6 million, including a $1 million signature bonus.

In the offshore Port Fouad development zone in the Mediterranean, the Heads of Agreement (HoA) signed between the Egyptian General Petroleum Corp. and Eni SPA aims to sustain petroleum operations and enhance the region's attractiveness for new investments.

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