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Tag: Cheiron
North Bahariya

PICO Cheiron announces acquisition of Sahara North Bahariya

Posted: May 10, 2017 at 3:20 pm   /   Oil & Gas

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, […]

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PICO’s Cheiron Egypt acquires 100% of Engie’s West El Burullus gas concession

Posted: May 9, 2017 at 1:26 pm   /   Oil & Gas

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 […]

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