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Tag: Bid Round
TGS WesternGeco

WesternGeco, TGS win $720m geophysical data contract for Ganope areas in Egypt

Posted: July 11, 2017 at 1:43 pm   /   Oil & Gas

Contract will be signed in two weeks for land areas in Western Desert and Red Sea. WesternGeco Schlumberger and TGS have won contract for the collection of geophysical data in open land areas of Ganoub El-Wadi Petroleum Holding Company (Ganope) in the Western Desert and Red Sea. The two companies will collect the geophysical data […]

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Post-Zohr reforms to boost appeal

Posted: February 11, 2017 at 3:15 pm   /   Oil & Gas

With first production from Eni’s giant discovery likely to be less than a year away and other finds on the path to development, the country is taking the chance to revamp and streamline the bidding process. Egypt’s upstream sector was given a much-­needed boost when Italian operator Eni discovered the ­giant Zohr field in the […]

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El Molla dismisses talk of Egypt bid round in 2017

Posted: January 28, 2017 at 12:51 pm   /   Oil & Gas

Some surprise at delay given popularity following giant Zohr discovery. Egypt Oil Minister Tarek El Molla said this week that state-owned Egyptian Natural Gas Holding Company (EGAS) will not launch a fresh licensing round in the Mediterranean Sea until next year at the earliest. “I’ve told them no, not until we deal with and finalise […]

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Eni’s CEO meets Egyptian President, confirms Zohr production expected before end of 2017

Posted: January 5, 2017 at 7:57 pm   /   Oil & Gas

The President of the Republic of Egypt, Abdel Fattah el-Sisi, and Eni’s Chief Executive Officer, Claudio Descalzi reviewed the extensive activity performed by Eni in Egypt with particular attention to the ongoing development activities of the Zohr field and with specific mention to the Nooros development which will produce about 25 MSCM/d (172,000 boepd) by […]

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Egypt signs oil and gas deals worth $220 million with Eni, BP & Total

Posted: December 29, 2016 at 1:23 pm   /   Oil & Gas

Egyptian Oil Minister Tarek El Molla has signed three offshore oil and gas exploration and production deals worth a total of at least $220 million with France’s Total, Britain’s BP, and Italian oil major ENI’s Egyptian subsidiary IEOC, the ministry said on Wednesday. The deals include drilling for six wells and a signing bonus of […]

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Eni signs concession agreements for two new exploration blocks in Egypt's Mediterranean shallow waters

Posted: December 28, 2016 at 1:03 pm   /   Oil & Gas

Eni signed two new concession agreements for the North El Hammad and North Ras El Esh, located in the shallow waters in Egyptian Mediterranean Sea, as a result of the EGAS 2015 international bid round. Eni is the operator of the North El Hammad block with an equity of 37.5% in participation with BP, who […]

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2016-bid-round result

Details of EGPC Bid Round 2016 announced by the Ministry of Petroleum

Posted: December 4, 2016 at 2:06 pm   /   Oil & Gas

Results of the 2016 EGPC International Bid Round, in which 11 blocks were offered for oil and gas exploration in the Western Desert and the Gulf of Suez, were announced by the Ministry of Petroleum in a press release on Friday. The bids are worth a total minimum investment of $200 million, $68.2 million signature […]

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Egypt accepts six oil and gas exploration bids with investments of $200 million

Posted: December 3, 2016 at 12:31 pm   /   Oil & Gas

Egypt has accepted six bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said on Friday. In May, the Egyptian General Petroleum Corporation (EGPC) announced an international tender for 11 oil and natural gas blocks in the Western Desert and Gulf of Suez as Egypt […]

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Apache bids for new oil and gas exploration zones in the Western Desert

Posted: November 16, 2016 at 6:29 pm   /   Oil & Gas

Apache is bidding new E&P concessions in the Western Desert, Al Borsa reports. As noted in August, the 11 blocks offered by the Oil Ministry back in May received an unimpressive turnout. (Source: Enterprise.press)

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Shell, BP bidding for three E&P blocks in Western Desert and Gulf of Suez

Posted: October 4, 2016 at 3:26 pm   /   Oil & Gas

Royal Dutch Shell and BP are reportedly competing for E&P licenses in three blocks in the Western Desert and the Gulf of Suez as part of a tender by the EGPC, an unnamed source told Al Mal. Shell has reportedly already sent offers for two blocks in the Western Desert, while BP is bidding for […]

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