Tharwa Petroleum prepares to drill in North Sinai’s Noor offshore concession
Tharwa Petroleum is waiting for final gas exploration approvals to begin drilling in the Noor concession in North Sinai, a company source says. The number of wells to be drilled will be determined once the contracts are signed, they added. The Cabinet had approved earlier this month a USD 105 million exploration agreement with Eni and Tharwa to search for oil and gas in the Mediterranean off the coast of North Sinai. Parliament had signed off on the agreement earlier in the week.