ExxonMobil Expands Gas Exploration in Egypt with New Investment West of Zohr Field

ExxonMobil, one of the world’s leading energy companies, announced a significant new investment in Egypt aimed at exploring natural gas reserves in a newly designated offshore area located west of the Zohr gas field, the country’s largest and one of the most productive in the Mediterranean. The move marks another milestone in Egypt’s growing appeal as a regional energy hub and demonstrates the confidence of major global players in its petroleum sector.

According to Egypt’s Ministry of Petroleum and Mineral Resources, the new exploration zone lies in the deep waters of the Mediterranean Sea, near previously developed fields that have already proven rich in hydrocarbon resources. The ministry said that ExxonMobil’s investment will cover exploration, seismic studies, and drilling operations aimed at identifying potential gas reservoirs.

Minister of Petroleum Tarek El Molla welcomed the new investment, emphasizing that it reflects the continued partnership between Egypt and international energy companies. He noted that the government’s recent policy reforms, stable investment climate, and advanced infrastructure have made the Egyptian petroleum sector one of the most dynamic in the region.

Industry analysts believe ExxonMobil’s expansion could further enhance Egypt’s gas production and export capabilities. Since the discovery of the Zohr field by Italy’s Eni in 2015, Egypt has rapidly developed its gas output, achieving self-sufficiency and becoming a key exporter to Europe and neighboring markets. The U.S. energy giant’s presence adds new momentum to ongoing efforts to increase Mediterranean exploration and secure long-term energy supplies.

The new block will be operated by ExxonMobil Egypt in coordination with the Egyptian Natural Gas Holding Company (EGAS). Preparations for the initial exploration phase are expected to begin in early 2026. The company has pledged to implement advanced drilling and digital technologies to boost efficiency and ensure environmental sustainability during operations.

The agreement is seen as part of Egypt’s broader strategy to maximize the use of its natural resources while attracting foreign investment to strengthen the national economy. With this development, ExxonMobil joins other global energy leaders—including Chevron, Shell, and TotalEnergies—actively participating in Egypt’s offshore exploration activities.

As global demand for cleaner energy continues to rise, experts say such projects underscore the pivotal role that natural gas will play in supporting energy transitions and regional cooperation in the Eastern Mediterranean.