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Tag: Deep Water

BP’s Atoll field is 93% complete, production on track by year’s end

Posted: November 9, 2017 at 4:41 pm   /   Oil & Gas

BP will launch production at the USD 3.8 bilion Atoll field in the North Damietta concession ahead of schedule by the end of the year, said Hassan Abady, Chairman BP JV Pharaonic Oil Company, Al Ahram reports. Development of the field is 93% complete, including the drilling of three deepwater wells 950 meters below the […]

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Rosneft finalizes acquisition of 30% Zohr stake in $1.125 billion deal

Posted: October 9, 2017 at 4:35 pm   /   Oil & Gas

Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A. The cost of Rosneft stake acquisition is USD 1.125 bln. The Company also refunded its share in past project costs to Eni. The […]

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Eni betting big on Zohr explorer Luca Bertelli finding new treasure

Posted: October 7, 2017 at 7:52 pm   /   Oil & Gas

Italian oil major Eni is betting billions on Luca Bertelli being able to achieve something he’s been doing since he was nine years old: spotting things others overlook. The geologist, who heads Eni’s exploration team, began collecting rocks as a boy growing up in Tuscany, developing a curious eye that eventually led him to discover […]

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DuPont to supply DynaWave® Scrubbing Technology for Egypt's Zohr gas field

Posted: September 24, 2017 at 7:41 pm   /   Oil & Gas

Technology Helps Minimize Environmental Impact. DuPont Clean Technologies (DuPont) recently signed a contract with Kinetics Technology (KT) for Eni’s giant Zohr deepwater gas field in the Egyptian Exclusive Economic Zone of the Mediterranean Sea. Under the contract, DuPont will be delivering the technology license, engineering and proprietary equipment for two MECS® DynaWave® wet gas scrubbing […]

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Edison delays deep-water drilling campaign in Egypt as it seeks partner

Posted: September 20, 2017 at 1:08 pm   /   Oil & Gas

Edison stalls on Egypt deep-water wells: Italian operator delays drilling of probes on two separate blocks where it has been hunting a partner. Italy’s Edison has put off a deep-water drilling campaign off Egypt by about a year. The company was planning to drill two wells on its wholly-owned North Thekah and North Port Fouad […]

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Major natural gas discoveries offshore Egypt propel demand for technologies & services

Posted: September 16, 2017 at 8:52 pm   /   Oil & Gas

(Offshore Magazine) Curt Cultice US Commercial Service, Department of Commerce Egypt is a mature fossil energy market attracting increased international attention. However, there is a continued demand for new energy technologies from innovative US suppliers committed to long-term partnerships with Egypt. In the below Q&A, Mai Abdelhalim, commercial specialist, US Embassy, Egypt discusses the latest […]

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Egyptian drilling contractor ADES builds shallow-water jackup fleet

Posted: September 16, 2017 at 8:42 pm   /   Oil & Gas

(Offshore Magazine) Jeremy Beckman Drilling contractors continue to downsize in most parts of the world except the Middle East, where offshore activity has held steady. One of the more opportunistic players in the region is ADES International Holding which has taken advantage of continued overcapacity in the market to acquire and recondition legacy jackups from […]

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Egypt's Idku front-running option for East Med Gas

Posted: August 26, 2017 at 2:13 pm   /   Oil & Gas

Source: BMI Research BMI View: In line with our long-held view, the proposition to pipe natural gas from the Leviathan and Aphrodite fields to the Idku LNG plant in Egypt represents the most compelling export scenario for the fields. The Egyptian option is both less politically sensitive and less capital intensive than the alternative scenarios. Royal […]

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Zohr Map

Eni CEO: Zohr development phase nearing completion

Posted: August 8, 2017 at 4:29 pm   /   Oil & Gas

Eni CEO Claudio Descalzi has held talks with two North African leaders concerning major ongoing offshore development projects. In Tripoli, Descalzi met Fayez al-Sarraj, Head of the Presidential Council of the Libyan government of National Accord, and the president of the state oil company Mustafa Sanalla. High on the agenda was the second phase of […]

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Dana Gas to use AGR software for North El Arish deep water exploration in Egypt

Posted: July 21, 2017 at 1:54 pm   /   Oil & Gas

AGR Software team have signed a SaaS (Software as a Service) contract with Dana Gas PJSC to supply the latest version of our P1™ software. AGR’s P1™ software helps its users to improve the accuracy of well time and cost modeling and can be applied for all drilling and well related operations, including completions and […]

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