Capricorn builds an Egyptian platform for growth
The Edinburgh-headquartered producer sees its basin-entry acquisition as just the start of a journey that could even take it beyond oil and gas
UK-listed independent Capricorn Energy acquired, alongside local partner Cheiron, a portfolio of upstream oil and gas production, development and exploration interests in Egypt’s Western Desert from Shell in September last year. But, as Capricorn COO Paul Mayland tells Petroleum Economist, the deal is just the beginning of the journey. Mayland is upbeat about Egypt’s prospects, not least due to political will to support the sector that is not simply words but is translating into practical action on paying bills, reforming agreements and innovating on licensing. And he believes Capricorn brings a great deal to the Egyptian table in terms of its previous experience—leaving it well placed not o

Also in this section
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector