On 31 March 2020, local media reported that Tharwa Petroleum Co (Tharwa) is looking to obtain six concessions in 2020 and enter into partnerships with major IOCs, including Total, ExxonMobil, Chevron, BP, and Shell.  The company also plans to drill seven exploratory and development wells this year according to a statement released by the Ministry of Petroleum on the same date.  In 2019, the company drilled eight exploratory and development wells in its acreages and reached an average production rate of about 6,800 bbl/d.  Tharwa operates four blocks in the Abu Gharadiq Basin: one exploration acreage (East Abu Sennan) and three development blocks (East Abu Sennan-1 (Dev), East Abu Sennan â C (Dev) and East Abu Sennan G (Dev)).   The company was established in 2004 as Egyptâs first joint stock petroleum company 100% nationally owned with EGPC (20%), EGAS (20%) and GANOPE (5%) as minor partners.
Egypt, Abu Gharadiq (Dev)