MOG Energy is pleased to announce that it has successfully added a new 140 Km2 to the existing Offshore North Sinai development lease in the Eastern Mediterranean. The initial investment in the new area is about $75 Million. The completion of this project will enable us to continue our operatorship in the Eastern Mediterranean to meet Egypt’s growing demand.
We are excited to announce that Perenco North Sinai signed a new agreement with H.E. Tarek El-Molla, Egypt’s Minister of Petroleum and Mineral Resources, to