Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has reaffirmed that the renewed drilling programme undertaken by the British Petroleum (BP) in Egypt during 2026, alongside new well drilling plans, reflects strong confidence in the investment climate of the Egyptian petroleum sector and underscores the depth of the long-standing partnership between both sides.
These remarks came during a meeting he called on Wednesday with Senior Vice President of Wells at BP, Ann Davies, and President of BP Egypt, Wael Shahin, where progress on new natural gas drilling activities in the Mediterranean Sea was reviewed.
The drilling rig Valaris DS-12 commenced operations last month as part of BP’s investment programme to develop new gas resources in Egypt.
During the meeting, the minister noted that BP is one of the largest international operators in natural gas exploration and production in Egypt and has been a strategic partner for over 60 years.
He further emphasised ongoing co-operation to accelerate development of discovered fields, boost production from new discoveries, ensure economic viability, increase domestic gas supplies, and reduce the import bill.
Discussions also covered progress on new agreements and opportunities to expand co-operation, including BP’s interest in exploration and production in the Red Sea region, supported by promising geological indicators and an agreement signed with South Valley Petroleum Company during the Egypt Petroleum Show (EGYPS).
Senior Vice President of Wells Davies, for her part, praised government support in overcoming challenges and enhancing the investment environment, affirming Egypt as a successful investment model and a key growth area within BP’s global portfolio.
She confirmed the company’s commitment to long-term investment and expressed satisfaction with progress at current Mediterranean drilling sites.
The meeting also reviewed Egypt’s advanced infrastructure, its role as a regional energy hub, opportunities in gas trade and distribution, and efforts to expand renewable energy to support value-added industries.
Both sides reaffirmed commitment to coordination, expediting projects, addressing challenges, and achieving mutual benefit.
