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Report
Egypt Oil And Gas - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)
Market Report I 2026-01-16 I 120 Pages I Mordor Intelligence
Egypt Oil And Gas Market Analysis
The Egypt Oil And Gas Market was valued at USD 7.54 billion in 2025 and estimated to grow from USD 8.05 billion in 2026 to reach USD 11.18 billion by 2031, at a CAGR of 6.78% during the forecast period (2026-2031).
Investment momentum originates from offshore gas discoveries, revived megaprojects, and a renewed financing cycle led by international majors. Rising domestic demand, a maturing asset base, and an improving fiscal regime combine with Egypt's position as a Mediterranean energy corridor to sustain upstream capital flows even as the country intermittently turns to LNG imports during peak?load months. Construction spending continues to dominate overall outlays, yet maintenance and turnaround services expand faster as operators pivot from capacity additions toward efficiency gains in a tightening cost environment. Digital oilfield adoption, together with fiscal and regulatory reforms that improve project IRRs by roughly 200-300 basis points, lowers break-even costs and shortens payback cycles, making Egyptian prospects increasingly attractive relative to neighboring plays. Geopolitical proximity to European gas demand and the government's East-Med hub vision create commercial optionality for surplus volumes, while fast-track gas-to-power programs protect revenues during commodity price swings.
Egypt Oil And Gas Market Trends and Insights
Revival of Offshore Gas Megaprojects (e.g., Zohr)
Zohr's January 2025 drilling restart restored momentum to Egypt's offshore renaissance and renewed confidence in deep-water prospects. Fresh wells and tie-backs shorten ramp-up times, allowing Eni to monetize incremental reserves while de-risking adjacent acreage held by BP and Chevron. Project economics benefit from shared pipelines and processing facilities, which lower per-unit costs and improve field-level break-even thresholds. Success at Zohr also underpins Egypt's diplomatic leverage in European energy security discussions as buyers seek diversified gas supply corridors. As a bellwether for the Egyptian oil and gas market, Zohr's performance shapes capital-allocation decisions across the wider Mediterranean play.
Accelerated IOC & NOC Upstream CAPEX Commitments
International oil companies have earmarked more than USD 17 billion for Egyptian upstream activity through 2030, the largest pledge since the 2011 transition. BP's USD 3.5 billion three-year program, Shell's USD 340 million Cheiron partnership, and Chevron's new Western Desert acreage exemplify the deal flow. The prompt settlement of USD 1.5 billion in arrears removed a key credit risk overhang and unblocked suspended drilling plans. This fresh capital intensifies rig demand, accelerates seismic acquisition, and opens technology transfer pathways that raise local service quality benchmarks. Competitive pressures are therefore reshaping the Egyptian oil and gas market as agile, technology-focused independents challenge long-entrenched majors in select blocks.
Rising Renewable-Energy Share in Egypt's Power Mix
The 42% renewables target for 2030 will increase solar and wind penetration from 12% in 2024, thereby directly reducing the dispatch of gas-fired power. Utility-scale projects under the Nexus of Water-Food-Energy program add 4.2 GW, backed by USD 3.9 billion in concessional finance. Grid upgrades worth EGP 7.6 billion (USD 154 million) enable higher renewable utilization while retaining gas plants for inertia and peak shaving. As the levelized costs of solar fall below gas parity, dispatch orders shift, curtailing gas offtake during daytime hours. Backup capacity requirements nevertheless preserve a baseline market for upstream producers, moderating but not eliminating the impact on the Egyptian oil and gas market.
Other drivers and restraints analyzed in the detailed report include:
Fast-Track Gas-to-Power Programs to Curb Power DeficitFiscal-Regime Reforms Improving Project IRRsOngoing Fuel-Subsidy Rationalization
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
The upstream segment generated 70.32% of 2025 revenue, underscoring its central role in the Egyptian oil and gas market. It is also the fastest-growing, set to rise at a 7.05% CAGR through 2031 as operators fast-track drilling across Zohr, North Dabaa, and Raven blocks. International commitments exceeding USD 17 billion provide the capital base for 3D seismic surveys, high-specification rigs, and subsea tie-backs, aimed at lifting national output back above 2.5 million barrels of oil equivalent per day. Digital subsurface interpretation on the Egypt Upstream Gateway accelerates prospect maturation, while AI well-placement tools optimize drainage patterns and cut dry-hole risk. Consequently, upstream cost structures continue to compress, enhancing netbacks despite volatile benchmarks.
Midstream infrastructure remains the logistical backbone of the Egyptian oil and gas market, yet it captures a smaller share of new spending. Pipeline connectivity to Israeli fields and capacity upgrades at the Idku and Damietta LNG terminals expand regional optionality, but the newbuild cadence is paced to align with the commissioning of upstream phases. Downstream growth faces headwinds from fuel-subsidy reforms and looming carbon levies, prompting refiners to pursue integration with petrochemical complexes and to pilot energy-efficiency retrofits. Collectively, the sectoral balance is shifting toward a technology-enabled, export-oriented upstream while the downstream focuses on resilience and decarbonization.
The Egypt Oil and Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream), Location (Onshore and Offshore, and Service (Construction, Maintenance and Turn-Around, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).
List of Companies Covered in this Report:
BP plc Eni SpA Shell plc Apache Corp. Chevron Corp. TotalEnergies SE Energean plc Egyptian General Petroleum Corp. (EGPC) Dragon Oil Sinopec Kuwait Energy Egypt QatarEnergy Dana Gas Petronas Badr El Din Petroleum (Bapetco) Agiba Petroleum Pharaonic Petroleum Co. Rashpetco Wintershall Dea IPR Energy Group INA-Industrija Nafte dd
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Landscape
4.1 Market Overview
4.2 Market Drivers
4.2.1 Revival of Offshore Gas Megaprojects (e.g., Zohr)
4.2.2 Accelerated IOC & NOC Upstream CAPEX Commitments
4.2.3 Fast-track Gas?to-Power Programs to Curb Power Deficit
4.2.4 Fiscal-regime Reforms Improving Project IRRs
4.2.5 Adoption of Digital Oilfield & Remote Operations
4.2.6 Planned East-Med Gas Hub & LNG Re-export Vision
4.3 Market Restraints
4.3.1 Rising Renewable-Energy Share in Egypt's Power Mix
4.3.2 Ongoing Fuel-subsidy Rationalisation
4.3.3 Water-Scarcity Constraints on Fracking & EOR
4.3.4 Prospective EU Carbon Border Taxes on Emissions
4.4 Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Crude-Oil Production & Consumption Outlook
4.8 Natural-Gas Production & Consumption Outlook
4.9 Installed Pipeline Capacity Analysis
4.10 Unconventional Resources CAPEX Outlook (tight oil, oil sands, deep-water)
4.11 Porter's Five Forces
4.11.1 Threat of New Entrants
4.11.2 Bargaining Power of Suppliers
4.11.3 Bargaining Power of Buyers
4.11.4 Threat of Substitutes
4.11.5 Competitive Rivalry
4.12 PESTLE Analysis
5 Market Size & Growth Forecasts
5.1 By Sector
5.1.1 Upstream
5.1.2 Midstream
5.1.3 Downstream
5.2 By Location
5.2.1 Onshore
5.2.2 Offshore
5.3 By Asset Type
5.3.1 Construction
5.3.2 Maintenance and Turn-around
5.3.3 Decommissioning
6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves (M&A, Partnerships, PPAs)
6.3 Market Share Analysis (Market Rank/Share for key companies)
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
6.4.1 BP plc
6.4.2 Eni SpA
6.4.3 Shell plc
6.4.4 Apache Corp.
6.4.5 Chevron Corp.
6.4.6 TotalEnergies SE
6.4.7 Energean plc
6.4.8 Egyptian General Petroleum Corp. (EGPC)
6.4.9 Dragon Oil
6.4.10 Sinopec
6.4.11 Kuwait Energy Egypt
6.4.12 QatarEnergy
6.4.13 Dana Gas
6.4.14 Petronas
6.4.15 Badr El Din Petroleum (Bapetco)
6.4.16 Agiba Petroleum
6.4.17 Pharaonic Petroleum Co.
6.4.18 Rashpetco
6.4.19 Wintershall Dea
6.4.20 IPR Energy Group
6.4.21 INA-Industrija Nafte dd
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