Stena Drilling’s drillship, Stena Forth, has arrived in Egyptian waters, ready to commence an ambitious new exploration project in partnership with Chevron. This move marks Chevron’s first venture into the West Mediterranean region, highlighting Egypt’s growing appeal as a hotbed for hydrocarbon exploration. The project is poised to tap into an area that remains largely unexplored, presenting an exciting opportunity for new resource discoveries.
The Stena Forth, a state-of-the-art drillship renowned for its high performance in deepwater operations, will spearhead the drilling of the Khendjer-1 well in the North El Dabaa block. The campaign, set to begin towards the end of November 2024, underscores Chevron’s significant investment and trust in the region’s potential. This endeavor is just the start for Egypt, with other exploration initiatives expected to follow, involving key industry players. If successful, these projects could solidify Egypt’s status as an emerging powerhouse in Mediterranean energy production, offering both economic benefits and advancements in regional energy security.
