The Norwegian oil services company, Subsea 7, announced that the final stage of the offshore campaign is underway in the Egyptian sector of the Mediterranean Sea for phase one of the West Nile Delta. The manufacturing advanced towards phase two in the fields of Giza, Fayoum and Raven.
Norse oil is cautiously optimistic about future prospects. According to the company, the oil and gas market has reached a degree of stability in recent months and there are indications that project sanctions will increase.
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