ExxonMobil Finds Natural Gas Off Egypt's Mediterranean Coast

Exxon Mobil Corporation (XOM) has made a significant natural gas discovery off Egypt’s Mediterranean coast, an area of growing importance for the global energy sector. The find, announced in an emailed statement by the Texas-based energy giant, comes as Egypt seeks to revitalize its dwindling gas production and position itself as a regional energy hub.ExxonMobil completed drilling the Nefertari-1 exploratory well in the North Marakia Block, approximately five miles off Egypt’s northern coastline. The well r ...