Oil & Gas

New seismic surveys in Shorouk concession to uncover further reserves


New seismic surveys are underway in the Shorouk concession in the Mediterranean Sea, Oil Minister Tarek El Molla said last week, Al Shorouk reports. The surveys are meant to uncover further reserves in the Zohr gasfield, which is in the concession.

GANOPE has also completed seismic mapping for 4,200 km in the Red Sea in preparations to issue blocks there for a bid round, Chairman Mahmoud El Shimy said, according to Al Masry Al Youm. The maritime border demarcation agreement with Saudi Arabia allows for tendering blocks in the Red Sea for oil and gas E&P for the first time.

(Source: Enterprise.press)


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