Firms are bullish about Western Desert prospects
Egyptian independents plan busy year
The country is improving its attractiveness, but decline rates make activity a must
Five London-listed independents have detailed programmes for Egyptian drilling in 2022, as the country’s offer of access to productive acreage and improved fiscal terms ticks producers’ boxes. But to some extent, work is not optional, given drops in production when Egypt’s fields are not worked over. Capricorn Energy is in bullish mood about the Western Desert interests it purchased late in the third quarter of last year. "We are very encouraged by the initial operating performance,” says CEO Simon Thomson, given “production growth ahead of expectations”. The firm’s production from its four licences—Obaiyed (50pc ownership), Badr El Din (50pc), North East Abu Gharadig (26pc) and Alam El Shaw
Also in this section
2 March 2026
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels
2 March 2026
The South Asian consumer’s next move could tighten the Middle East oil market overnight
2 March 2026
Canadian independent’s evolving portfolio in Trinidad and Tobago gives it access to the Atlantic LNG market and a close-up view of developments in neighbouring Venezuela
27 February 2026
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
