In a significant move for Egypt’s energy sector, Arcius Energy has announced a final investment decision (FID) to develop the Harmattan gas field, located in the El Burg offshore concession. The project will see an investment of up to $500 million, marking a major step forward in boosting the country’s domestic natural gas supply.

A Strategic Entry into Egypt’s Energy Market

This development is particularly notable as it represents one of Arcius Energy’s first major projects in Egypt, following its recent acquisition of the El Burg offshore concession. The company holds a 100% operating interest in the concession, which includes the Harmattan field.

The initiative aligns with Egypt’s broader strategy to strengthen its energy independence and reinforce its role as a key energy hub in the Eastern Mediterranean.

Key Partnerships Driving Execution

The project will be executed in collaboration with Egyptian Natural Gas Holding Company (EGAS) and other local stakeholders.

For the engineering and execution phase:

• ENPPI has been awarded the EPCI (Engineering, Procurement, Construction, and Installation) contract
• Petroleum Marine Services and Petrojet will support as subcontractors

This collaboration reflects a strong mix of international investment and local expertise, ensuring efficient project delivery.

Leadership Perspective

Commenting on the announcement, Naser Al Yafei highlighted the importance of the milestone:

“The Final Investment Decision to develop the Harmattan field marks an important milestone in advancing one of our first projects in Egypt toward production.”

He further emphasized the company’s confidence in Egypt’s energy potential and its commitment to working closely with government entities and partners to:

• Strengthen natural gas supply
• Support national energy security
• Enhance Egypt’s regional energy leadership.
  
  

About Arcius Energy

Founded in 2024, Arcius Energy is a regional gas platform backed by bp and XRG. The company focuses on developing gas assets across Egypt and the wider Eastern Mediterranean region.

What This Means for the Industry

The Harmattan gas field development signals:

• Increased investor confidence in Egypt’s upstream sector
• Continued momentum in offshore gas exploration and production
• Expanded opportunities for EPC contractors and subcontractors

For businesses tracking global energy tenders and projects, this development is a clear indicator of upcoming procurement activity and long-term infrastructure work in the region.

Access the Latest Oil & Gas tenders on our platform to discover active opportunities and upcoming projects in the sector.