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UK company Capricorn to drill 44 oil wells in Egypt

By CityCalc Newsroom · Wed May 20 2026 · Source: AGBI

UK company Capricorn Energy will drill 44 oil wells in Egypt’s Western Desert as part of a five-year exploration plan. The Edinburgh-based company will launch the project in a concession area of nearly 6,200 square kilometres in line with an agreement signed in Cairo on Tuesday.

UK company Capricorn Energy will drill 44 oil wells in Egypt’s Western Desert as part of a five-year exploration plan. The Edinburgh-based company will launch the project in a concession area of nearly 6,200 square kilometres in line with an agreement signed in Cairo on Tuesday.

Curated by CityCalc from AGBI. Read the full article at the source.

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