New Gas Pay for Chevron in Mediterranean Waters

October 28, 2026 · 12 hours ago

Chevron’s drilling activities in the Mediterranean have uncovered another gas-bearing interval, extending reservoirs initially discovered in 2022.

U.S.-headquartered energy giant Chevron has made a new gas discovery in the Mediterranean Sea, supporting further field appraisal and assessment of development opportunities for the four-year-old Nargis offshore gas discovery and boosting Egypt’s Mediterranean energy ambitions.

Egypt’s Ministry of Petroleum and Mineral Resources has disclosed positive results from drilling operations at the Nargis-2 natural gas well in the Mediterranean Sea, which started in May through a partnership involving Chevron, its partners, and the Egyptian Natural Gas Holding Company (EGAS).

The country’s energy department emphasizes that these results support ongoing efforts to appraise the Nargis discovery from 2022 and accelerate work toward the commercial development of the field as one of the undeveloped discoveries.

The findings also confirm the extension of the gas-bearing reservoirs previously identified in the Nargis-1 well, in addition to the encounter of an additional gas-bearing interval with high-quality reservoir properties, backing efforts to assess the area’s gas resources and evaluate opportunities for their development.