Pharos Energy announces trading and Egypt operations update
Pharos Energy has issued a trading and operations update to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2019. This is in advance of the Company’s Preliminary results due to be announced on 11 March 2020. The information contained herein has not been audited and […]
ADES secures contract renewal for Admarine 262 jack-up rig in KSA
ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured a contract renewal for the Admarine 262 jack-up rig in Saudi Arabia. ADES said in a statement on Tuesday that the Admarine 262 renewal had a five-year tenor, which would be effective upon the […]
SDX announces reserves upgrade at South Disouq onshore concession
SDX Energy, the MENA-focused oil and gas company, has announced that upon completion of an independent technical and economic audit of the reserves at its operated South Disouq concession (SDX: 55% working interest), Gaffney, Cline & Associates (GCA) has reported that gross proved plus probable reserves (‘2P reserves’), as at 30 September 2019, are 86 […]
Egypt signs four Oil & Gas E&P Agreements worth $155 million
The Egyptian General Petroleum Company (EGPC) and Ganope have signed four oil and gas exploration and production agreements that will see companies invest at least USD 155 mn to develop concessions in the Gulf of Suez, Nile Valley, and the westert desert, according to an Oil Ministry statement. The agreements also include USD 10.5 mn-worth […]
Russian Zarubezhneft joins two offshore oil concessions in Egypt
Russian state-owned energy company Zarubezhneft has joined two offshore oil concessions in Egypt under a production-sharing agreement, Reuters’ Arabic service reports, without disclosing the value of the agreement or the other party. The report indicates that one of the blocks is in southeast Ras El Ush and the other is East of Gabal El Zeit […]
New discovery in Egypt’s Western Desert to produce 7000 bopd, 10 mmcfd of gas
The Ministry of Petroleum and Mineral Resources on Thursday announced a new oil discovery in the Western Desert where an average of 7,000 barrels of crude oil and 10 million cubic feet of gas are envisaged to be produced on daily basis. The oil discovery, in the Western Desert’s Abu Sennan, an area near the […]
Rockhopper provides operational update on Abu Sennan concession in Egypt
Rockhopper Exploration has provided an operational update in relation to the Abu Sennan concession, Egypt. Through Rockhopper Egypt, Rockhopper holds a 22% working interest in Abu Sennan. ASH-2 The commitment well, ASH-2, was spudded on 21 October 2019, and reached total depth of 4,030m measured depth (‘MD’) in the Alam El Bueib Formation on 22 […]
SDX Energy achieves stabilised plateau production at South Disouq
SDX Energy, the MENA-focused oil and gas company, has achieved its targeted stabilised plateau production rate of 50 MMscfe/d from its operated South Disouq concession (SDX: 55% working interest) in Egypt approx. three months earlier than initially expected. Gas has been flowing through the South Disouq Central Processing Facility (‘CPF’) since 7 November 2019 with […]
Energean announces successful appraisal of Karish North discovery
Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce the successful appraisal of the Karish North Discovery, confirming best estimate recoverable resources of 0.9 Tcf (25 BCM) plus 34 million barrels of light oil / condensate2 (combined c.190 mmboe) significantly enhancing Energean’s discovered resource volumes across […]
Eni highlights 2019 exploration track record with six offshore discoveries
Eni delivered six offshore discoveries as operator during the first nine months of the year. According to the company’s latest results statement, three of the finds were in block 15/06 off Angola, bringing the number of new fields proven since exploration resumed on the block last year to five. Eni estimates the cumulative resources at […]
