Cheiron sees first oil from Geisum appraisal well in Egypt’s Gulf of Suez
PICO GoS Limited, a Cheiron Group company, has achieved the first oil production from its appraisal well GNN-4 in the Geisum Concession in Egypt’s Gulf of Suez. The Geisum Concession is located offshore Egypt in the Southern Gulf of Suez in shallow waters with a depth ranging from 30 to 200 feet, covering an area […]
Cheiron, Cairn, Pharos advance in deal for Shell Egypt onshore assets
Egypt’s East Gas also among companies in second round of bids. Planned sale is progressing despite the coronavirus pandemic . Cheiron consortium moves to second round of bidding for Shell Egypt onshore assets: A consortium of Cheiron, Pharos Energy and Cairn Energy has moved to a second round of bidding to acquire Shell’s onshore assets in […]
Apache, Cheiron, Pharos are bidding for Shell’s Egypt onshore assets – Reuters
Apache Corp, Pharos Energy among bidders for Shell’s Egypt onshore assets: sources. Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and Middle East bidders, two sources familiar with the matter told Reuters. Shell launched a process at the end of November to sell its onshore upstream assets […]
MEES: Egypt’s independent Cheiron is frontrunner for Dana Gas’ assets
Egypt’s Cheiron Tipped For Dana Assets: MEES learns that Egyptian independent Cheiron is the frontrunner for UAE-based Dana Gas’ Egypt acreage, which was officially put on sale for $500 million in July last year. Dana’s decision to sell-up was precipitated following the flop of its Merak prospect, located in the country’s Mediterranean offshore, north of […]
German DEA, Egyptian Cheiron to partner with Pemex, become operators in Mexico
Deutsche Erdoel AG (DEA) of Germany has acquired a 50% license share and operatorship of onshore Ogarrio oil field in southern Mexico’s Tabasco state 197 km west of Villahermosa. The share was offered in the latest farmout auction of the National Hydrocarbons Commission. Petroleos Mexicanos (Pemex) will be the partner, holding the other 50%. Separately, […]
Egypt's Cheiron wins bid for development of Cárdenas-Mora oil field in Mexico
The Egyptian company Cheiron Holdings Limited was awarded the winning bid during the process of the Cárdenas-Mora onshore block, by making an offer consisting of an initial payment of 125 million dollars, which acknowledges previous investments made by Pemex, as well as additional royalties of 13% and a cash payment of 41.5 million dollars (md), […]
PICO Cheiron announces acquisition of Sahara North Bahariya
PICO Cheiron Group announced that it has completed the corporate acquisition of Sahara North Bahariya, giving the Group ownership of a 50% Working Interest and Operatorship of the North Bahariya concession in the Western Desert. The North Bahariya concession covers an area of around 177 square kilometers and contains six oil fields, namely Abrar, Ferdaus, […]
PICO’s Cheiron Egypt acquires 100% of Engie’s West El Burullus gas concession
PICO Group subsidiary Cheiron Egypt has acquired 100% of West El Burullus (WEB) gas concession from Engie in a transaction announced yesterday. WEB is located in shallow offshore Mediterranean waters with recoverable reserves of c.200 bcf gas and 3 mn bbl of condensates. BNP Paribas, financial advisor on the transaction, said in an emailed statement […]
