PARIS – Total will operate a new exploration block in the Egyptian sector of the Mediterranean Sea.
The North Ras Kanayis Offshore block covers 4,550 sq km (1,757 sq mi) in the Herodotus basin, 5-150 km (3.1-93 mi) offshore, in water depths ranging from 50-3,200 m (164-10,498 ft).
According to Total, this is an underexplored area: terms for the concession include 3D seismic acquisition during the first three years.
The company will have a 35% interest, in partnership with Shell (30%), KUFPEC (25%), and Tharwa (10%).
Kevin McLachlan, senior vice president Exploration at Total, said the award “reinforces our presence in Egypt, following a gas discovery made in July 2020 with the Bashrush well on the North El Hammad license [Total 25%], to be developed through a tie-in to nearby existing infrastructure.”