US Chevron plans to drill first exploration well in Egypt’s Mediterranean

CAIRO: US energy company Chevron is planning to drill the first exploration well in its concession area in the eastern Mediterranean next September, the firm’s president Mike Wirth said. 

The move comes as the Egyptian Natural Gas Holding Co., or EGAS, signed an initial agreement with the US company to cooperate in the activities of transporting, importing and exporting the gas from the area.