Damietta:Greece Arcius Energy, a joint venture between Britain's bp and the UAE's XRG, has announced its intention to speed up the development of the Harmattan gas field offshore Damietta and increase gas production in Egypt. This announcement was made during the Eastern Mediterranean Gas Forum (EMGF) High-Level Roundtable.

According to State Information Service Egypt, Arcius Energy, established in 2024, is focused on expanding natural gas operations in Egypt and the surrounding region. The company holds concession stakes in several key areas, including the Harmattan field, the Shorouk Block (Zohr), and the Atoll West development. The Harmattan field, situated in the El Burg Offshore concession in the Mediterranean, is projected to produce approximately 150 million cubic feet per day of natural gas and aims for completion by 2028.

At the meeting, led by Karim Badawi, Minister of Petroleum and Mineral Resources, and attended by Arcius Energy's CEO Naser Saif Al Yafei, discussions centered on advancing the Harmattan project timeline. Additionally, preparations for drilling the Atoll West well in the North Damietta area and exploration activities in the North Tabia area, including plans for the Nofret well, were reviewed.

Badawi and Al Yafei also assessed the current status of Arcius Energy's activities in Egypt, focusing on the company's plans to quicken exploration, appraisal, and development work. The minister discussed strategies to support the company's expansion and enhance its drilling and production initiatives.