Egypt’s Western Desert gains $65m investment from Terra Petroleum

Egypt continues to aggressively expand its energy sector through new international partnerships, announcing a $65 million investment deal with British firm Terra Petroleum Ltd.

The move is part of a broader government strategy to incentivize global explorers and ramp up national oil and gas production. Under a newly signed agreement with the Egyptian General Petroleum Corporation (EGPC), the British energy company will focus its operations on the northwestern Al-Maghara region of Egypt’s Western Desert.

Scope of Work: The contract includes the drilling of three exploration fields and the execution of advanced seismic surveys. Ministerial Support: During the signing on Monday, December 22, 2025, Petroleum Minister Karim Badawi highlighted that the deal signals strong international confidence in Egypt’s stable and progressing investment climate.

“The Ministry of Petroleum is committed to providing all necessary support to serious companies and creating an encouraging investment climate,” Badawi stated, emphasizing the goal of accelerating discovery rates. The Terra Petroleum deal follows a series of successful energy milestones in the region over the past few months