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Tag: Agreement
egypt-parliament

Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements

Posted: July 7, 2020 at 8:11 pm   /   Oil & Gas

The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]

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Bilfinger

Bilfinger signs Engineering Master Service Agreement with Petrojet in Egypt

Posted: June 27, 2020 at 9:11 pm   /   Oil & Gas

Bilfinger Tebodin Middle East in Egypt signs an Engineering Master Service Agreement with PETROJET. Bilfinger strengthening its portfolio in growth market Egypt  Strategic engineering framework agreement with project volume worth one million USD  Bilfinger Tebodin Middle East in Egypt has signed an Engineering Master Service Agreement with PETROJET, a leading state-owned Oil & Gas integrated […]

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Cabinet

Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion

Posted: June 22, 2020 at 1:03 pm   /   Oil & Gas

Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]

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MOP Signing

Egypt signs four Oil & Gas E&P Agreements worth $155 million

Posted: December 26, 2019 at 12:14 pm   /   Oil & Gas

The Egyptian General Petroleum Company (EGPC) and Ganope have signed four oil and gas exploration and production agreements that will see companies invest at least USD 155 mn to develop concessions in the Gulf of Suez, Nile Valley, and the westert desert, according to an Oil Ministry statement. The agreements also include USD 10.5 mn-worth […]

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Egypt USA

El Molla: New form of exploration agreement for Red Sea Bid Round

Posted: October 28, 2018 at 3:18 pm   /   Oil & Gas

The Ministry of Petroleum has finalised the form of the new petroleum agreements, to be included in the first tender for natural gas exploration in the Red Sea. The tender is scheduled to be launched at the end of 2018. The new agreement form includes incentive clauses for the foreign investor, most notably the increase […]

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MOP-Eni-BP

Egypt signs 3 Oil & Gas exploration agreements worth $139.2 million

Posted: August 14, 2018 at 9:13 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Tarek el-Molla signed three new oil agreements for the exploration of oil and natural gas in the Mediterranean, Western Desert and Nile Delta regions with investments of $139.2 million. The minister also signed grants of $55 million for drilling 15 new wells, an official statement revealed. The first agreement […]

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