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New Analysis Reveals High Potential for Natural Gas Discoveries in Red Sea

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The results of recent geophysical data analysis in the Red Sea carried out by Schlumberger in cooperation with Ganoub El Wadi Petroleum Holding Company (Ganope) revealed a 70% potentiality for new natural gas discoveries according to a seismic survey.

A source from the petroleum sector told Daily News Egypt that the analysis have shown that the soil layers in the Egyptian territorial waters in the Red Sea came identical to the Saudi side where a new gas discovery was recently made.

The analysis have shown that the soil layers in the Egyptian territorial waters in the Red Sea came identical to the Saudi side where a new gas discovery was recently made. (ShutterstocK)

© 2019 Daily News Egypt.

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