The Norwegian oil services company, Subsea 7 announced that the last stage of the offshore campaign is underway in the Egyptian sector of the Mediterranean Sea for phase one of the West Nile Delta. Manufacturing advanced to phase two in the fields of Giza, Fayoum and Raven.
Nordic oil is said 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 the project will increase penalties.
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