PGS releases new 3D GeoStreamer seismic data for Mediterranean Sea in Egypt
PGS has added five 3D seismic surveys to its data library offshore Egypt, to create new broadband 3D coverage of more than 18,700 sq km in recently awarded nearshore license blocks. Time-migrated data is available now, while final depth data will be ready in May 2022. The five surveys were acquired in 2021 by PGS, in collaboration with […]
Wintershall Dea makes two significant oil discoveries offshore Mexico
License partnership of Block 29 makes two significant oil discoveries in the Polok and Chinwol prospects Polok discovery opens a new play within Mexico’s Salina Basin Wintershall Dea and its license partners have made significant oil discoveries on the Polok and the Chinwol prospects in Block 29 offshore Mexico. Polok is a play opening discovery […]
MEES: Stars align as ExxonMobil hikes up its commitment in Egypt
Twelve months on from taking its first acreage in Egypt, US major ExxonMobil has now snapped up two more blocks in the country’s offshore Mediterranean. A year ago at the Egypt Petroleum Show (EGYPS) in Cairo oil minister Tarek El Molla proudly announced that US major ExxonMobil was finally entering Egypt. Since then, the firm […]
Edison starts deepwater exploratory drilling for gas in Egypt; Energean CEO
Italian energy group Edison has begun drilling an exploratory well in deepwater acreage in Egypt, not far from other giant east Mediterranean gas fields, the CEO of Israel-focused gas driller Energean said on Wednesday. Energean is in the process of taking over Edison’s Egyptian assets in a deal reached last year. “We’re drilling right now […]
Egypt modifies gas price of El-Burg offshore concession to $5.88/MMBtu
Egypt agrees price indexing of Mediterranean’s El-Borg concession capped at $5.88/MMBtu. The Egyptian Natural Gas Holding Company (EGAS), Shell, and BP have signed an agreement to modify gas prices at El-Borg marine concession area in the Mediterranean Sea, through a price index formula linked to the global price of crude barrel, with a maximum price […]
Egypt to directly award West Mediterranean O&G exploration rights
Egypt will directly award contracts for oil and gas exploration blocks in the Western Mediterranean to companies equipped to drill in deep water, Oil Minister Tarek El Molla told CNBC Arabia. The government plans to offer some concessions through bid rounds, but the priority is to select companies with advanced technology to drill in the […]
Shell starts gas production from Silva well in Egypt’s WDDM concession
Shell began producing natural gas from its deepwater Silva well at the West Delta Deep Marine (WDDM) phase 9B earlier this month at a rate of 60-80 mmcf/d, according to an Oil Ministry statement. The well is the third to come online at the field, after East Sfeir and East Swan which began production in […]
Shell announces participation in MOC 2019 as Platinum Sponsor
Under The Patronage of H.E Eng Tarek El Molla, Minister of Petroleum and Mineral Resources: Shell Egypt is the 10th Mediterranean offshore Conference and Exhibition (MOC2019) Platinum Sponsor. Shell Egypt announced its participation in the 10th Mediterranean offshore Conference and Exhibition (MOC 2019) as a platinum sponsor. The event will be held from the 15th […]
UAE’s Dana Gas abandons Merak well, hires adviser to sell Egypt assets
United Arab Emirates’ Dana Gas has hired investment bank Tudor, Pickering, Holt & Co. (TPH) to advise it on the sale of its Egyptian assets, worth over $500 million, two sources familiar with the matter said, as the company shifts its focus to its Kurdistan operations. The Abu Dhabi-listed energy producer – whose main assets […]
Peterson, Pan Marine team up to support deepwater Merak well offshore Egypt
Egypt-based Pan Marine and energy logistics provider Peterson have joined forces in the Egyptian market and their first contract was for the provision of supply base management in Abu Qir to end client Dana Gas. Peterson said that the service included logistics management for all supply base work at Abu Qir Port and the provision […]