The MoU establishes a framework for technical cooperation including preliminary exploration and subsurface evaluation activities.
The partners will conduct geological exploration within the Herodotus Basin, off the country’s northwestern coast.
«This agreement will support the assessment of Egypt’s deep offshore exploration potential», said Nicola Mavilla, Senior Vice President Exploration at TotalEnergies.
TotalEnergies is a global integrated energy company that produces and markets energies:oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
TotalEnergies has been operating in Egypt since 1998 and is a shareholder in the Idku LNG plant (Phase 1). The company also holds stakes in two offshore exploration blocks in the Mediterranean Sea, including Block 3.
Herodotus Basin
- extends over a large geographical area (approximately 90000 km2) located in the northwestern offshore portion of Egypt, to the north of the Western Desert;
- mainly located in the ultra deep-water part of the east Mediterranean;
- extends from the coastline across a relatively narrow shelf into deep water with depths ranging from zero to more than 3000m.
