The Cairo Post: Egypt’s EGAS Signs Largest Seismic Exploration Deal in Mediterranean

Egypt signed Thursday a deal with Norwegian seismic surveyor PGS company to implement the largest seismic exploration project in its western territorial waters in the Mediterranean Sea, state-owned Egyptian Natural Gas Holding Company (EGAS) announced.

The project would lure leading international exploration companies to Egypt thanks to the availability of the necessary seismic data, EGAS said in a Thursday statement.

The project is part of government’s plan to bolster the domestic production of natural gas by intensifying explorations, EGAS Chairman Khaled Abdel Badie, said in the statement.

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