North Sinai (June 2020)

Following the roles of the Egyptian Natural Gas Holding Company (EGAS) to reduce the production of gas fields to make a balance in the national network’s pressure, MOG’s current gas production is 80 million cubic feet per day (MMSCF/D). Despite the critical time of COVID-19 pandemic, MOG continues working in the Phase-3 project making good progress in the execution phase of the engineering part; • The pre-FEED contract was already awarded following a call for tender with a total estimated cost of 100 Million Dollars. • Preparing the EPIC package to be ready for tender • Starting the procurement of the long lead items LLI for projects and drilling The G&G studies encouraged the company to consider drilling an exploratory deep target well in 2020/2021 with an estimated cost of 95 Million USD.

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