Arcius reaches FID on Harmattan gas development offshore Egypt

In a major step towards the development of its first project in Egypt, Arcius, in collaboration with the Egyptian Natural Gas Holding Company, has reached final investment decision (FID) on the Harmattan gas field in the El Burg Offshore concession area

Approximately half a billion dollars investment by the bp and XRG venture, the project aims to boost natural gas production.

This comes following Arcius’ acquisition of the El Burg Offshore concession area in February 2026. The project's execution phase will be led by ENPPI delivering engineering, procurement, construction and installation (EPCI) contract for Pharaonic Petroleum Company on behalf of El Burg Offshore Petroleum Company. Petroleum Marine Services and Petrojet will be providing services in the capacity of subcontractors.

Speaking on the FID and acknowledging the project's purpose to primarily meet domestic market needs, the chief executive officer of Arcius, Naser Al Yafei, said, "The Final Investment Decision to develop the Harmattan field marks an important milestone in advancing one of our first projects in Egypt toward production. It reflects our confidence in the potential of Egypt’s energy sector and our commitment to close cooperation with the Egyptian government, EGAS, and our execution partners to strengthen Egypt’s natural gas supply, support energy security, and reinforce Egypt’s position as a regional energy hub in the Eastern Mediterranean.” 

The FID was announced during the EGYPES 2026 with the participation of EGAS, Arcius as the Operator of El Burg Offshore Concession, PhPC, ENPPI, and in the presence of Karim Badawi, Minister of Petroleum and Mineral Resources.