Petroleum Ministry says Chevron's Nargis-2 well found another gas-bearing layer
Published · Updated
What happened
Egypt's Petroleum Minister announced positive drilling results at Chevron's Nargis-2 offshore well and said the results confirmed continuity from the earlier Nargis-1 discovery while adding another gas-bearing layer. In the same update, he reviewed progress on the Aphrodite Cyprus-to-Egypt tie-back arrangements.
Why it matters
The announcement points to a possible addition to Egypt's future gas supply and links that prospect to another near-term source of feedgas through the Aphrodite tie-back. For gas buyers, infrastructure operators, and regional producers, this bears on import requirements, LNG availability, and the use of Egyptian processing and export facilities.
Petroleum Minister Karim Badawi said on November 3 that drilling results at Chevron's Nargis-2 well in the Mediterranean confirmed the extension of gas-bearing layers already encountered at Nargis-1 and identified an additional gas-bearing layer. He also reviewed progress on arrangements to tie Cyprus's Aphrodite field into Egyptian infrastructure. The ministry presented both developments as steps toward increasing domestic gas supply, reducing LNG and pipeline import needs, and sustaining Egypt's role in Eastern Mediterranean gas trade.
Watch for
Chevron acknowledgement of Nargis-2 drilling results or next-well plans by 2026-11-07 Egyptian Ministry of Petroleum statement on appraisal, testing, or reserve-estimation steps for Nargis by 2026-11-07 Cyprus Energy Ministry or Aphrodite partners filing on tie-back commercial terms or development timetable by 2026-11-07 EGAS update on expected winter 2026-2027 gas balance or import tenders by 2026-11-07
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