Energy and oilUpdated November 5

Egypt taps Ardiseis for a Western Desert seismic survey.

The Egyptian General Petroleum Corporation signed an agreement with Saudi company Ardiseis for a 2D seismic survey covering up to 110,000 square kilometers in the Western Desert, including areas in Matrouh and New Valley. The current scope is broader than the initial tender’s target of more than 50,000 square kilometers near the Libyan border. The survey is meant to map geological structures and improve the data used to assess oil and gas prospects and identify possible drilling sites. A clearer picture could help identify new exploration areas to offer investors.

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Coverage started November 5