Panel Recap: Egypt’s Upstream Market at the Africa Energies Summit 2025

At this year’s Africa Energies Summit, we hosted a standout panel unpacking the dynamics of Egypt’s upstream sector - a market marked by legacy, momentum, and ambition.

Moderated by Daniel Davidson, the session brought together expert insights from Mohamed Radwan, alongside senior voices from bp, Shell, Capricorn Energy, and ExxonMobil.

🔍 Key Themes Covered:

▪️Egypt’s investment landscape & operator experiences

▪️The role of the Egypt Upstream Gateway (EUG) in boosting transparency & access

▪️Ministerial engagement and fast-track licensing

▪️Technology innovation in exploration and CCS

▪️Balancing domestic energy needs with export potential

💡 Key Highlights:

✔️ BP produces ~70% of Egypt’s gas from major fields like Zohr, Atoll & Raven

✔️ Capricorn consolidated 8 licenses, showcasing regulatory flexibility

✔️ Shell & ExxonMobil reaffirmed their exploration commitments in offshore & deepwater

✔️ 350 wells drilled annually, including 120 for exploration

✔️ 300 TCF of gas & 7B barrels of oil yet to be discovered

🎯 The message was clear: Egypt remains a top-tier upstream investment destination, with strong geological potential, committed operators, and a government that is actively engaging with industry to fast-track progress.

Thank you to all our panellists and to everyone who joined us for this important session. Egypt’s energy future is one to watch - and to be a part of.