Arcius Energy Commits $500 Million to Harmattan Gas Field Development in Egypt
Arcius Energy has made a final investment decision (FID) to develop the Harmattan gas field in Egypt's El Burg offshore concession, committing up to $500 million to the project. This marks one of the company's first projects in Egypt following its acquisition of the concession earlier this year. The development aims to increase natural gas supply to the domestic market and will be executed in collaboration with the Egyptian Natural Gas Holding Company (EGAS) and local partners. Engineering, procurement, construction, and installation work have been awarded to ENPPI, with Petroleum Marine Services and Petrojet participating as subcontractors. 
