Offshore projects account for 26% of North Africa’s total oil & gas sector with a large portion of work concentrated in Egypt and Libya which are are at the forefront, investing heavily in exploration and production activities. Notable projects include the Zohr gas field in Egypt, one of the largest gas discoveries in the Mediterranean, showcasing the region's potential. As global energy demands continue to rise, the offshore oil and gas sector stands as a critical pillar for both local economies and multinational energy corporations. The potential for significant hydrocarbon reserves in the Mediterranean and Atlantic waters surrounding North African nations holds the promise of substantial revenue generation, job creation, and technological advancement.
Major Offshore Oil and Gas Projects in North Africa
Offshore projects account for 26% of North Africa’s total oil & gas sector with a large portion of work concentrated in Egypt and Libya which are are at the forefront, investing heavily in exploration and production activities.
Monday, 10 February 2025
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