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Tag: Edison
Energean Power FPSO

Energean’s H1 2020 results: Strong performance with 52.1 kboed production

Posted: September 10, 2020 at 1:01 pm   /   Oil & Gas

Strong performance in 1H 2020 with 52.1 kboed pro forma production – pro forma $177million revenue, $66 million operating cash flow, $350 million capex reduction. Energean has today announced HY results for the period ended 20 June 2020. The highlights include: Combined business pro forma production was 52.1 kboed, compared with full year guidance of […]

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egypt-parliament

Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements

Posted: July 7, 2020 at 8:11 pm   /   Oil & Gas

The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]

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World-Map-Energean

Energean plc announces revised terms of Edison E&P acquisition deal

Posted: June 29, 2020 at 7:29 pm   /   Oil & Gas

Energean plc, the oil and gas producer focused on the Mediterranean, issues an update on its Edison E&P transaction and revised group guidance. Further to the announcement on 19 May 2020, Energean is pleased to announce that it has entered into further amended terms for its acquisition of Edison E&P following which, inter alia, the […]

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Cabinet

Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion

Posted: June 22, 2020 at 1:03 pm   /   Oil & Gas

Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]

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North Thekah

Edison successfully completes Ameeq 1-X exploration well offshore Egypt

Posted: June 2, 2020 at 8:51 pm   /   Oil & Gas

Edison Exploration & Production announces successful completion of Ameeq 1-x exploration well in the Eastern Mediterranean waters of Egypt. The well, located in the North Thekka Concession in which Edison Exploration & Production holds 100% operators rights, was drilled by Maersk Discoverer semi-sub in water depth of 985 meters, reaching the final TD of 5670.5m […]

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PSW

PSW mobilizes capping stack for Edison’s Ameeq-1X deepwater well offshore Egypt

Posted: May 13, 2020 at 5:00 pm   /   Oil & Gas

PSW Group’s capping stack division has completed its first international operation, for a deepwater well offshore Egypt. Edison’s E&P Ameeq-1X was the company’s first well on its North Thekah concession, 130 km (81 mi) offshore from the Nile Delta. PSW, working with Edison’s emergency response team, prepared logistics and response plans to mobilize and deploy […]

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Energean FPSO Hull

Energean Power FPSO hull sailed away from China to Singapore

Posted: April 5, 2020 at 8:58 pm   /   Oil & Gas

Karish Project Update – FPSO Hull Sailaway from China: Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announced that its FPSO hull sailed away from the COSCO yard in China on 3 April 2020. The hull will now be towed to the Sembcorp Marine Admiralty Yard […]

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edison-energean

Energean and Edison agree to exclude Algerian assets from E&P deal

Posted: April 5, 2020 at 2:02 pm   /   Oil & Gas

Energean Oil and Gas and Edison have agreed to exclude Edison E&P’s Algeria assets from the previously agreed acquisition. As previously reported, Energean entered into a conditional sale and purchase agreement (SPA) on July 4, 2019, to acquire Edison E&P from Edison for an initial consideration of $750 million, with the completion of the SPA […]

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Energean CEO

Edison starts deepwater exploratory drilling for gas in Egypt; Energean CEO

Posted: February 15, 2020 at 2:48 pm   /   Oil & Gas

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 […]

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North Thekah

Edison spuds Ameeq-1X well at its North Thekah concession offshore Egypt

Posted: January 21, 2020 at 4:04 pm   /   Oil & Gas

North Thekah ( Ameeq – 1X ) Drilling Announcement: Edison Exploration and Production announces the spud, on the 18th of January 2020, of a first exploration well in its North Thekah concession located in the Egyptian Eastern Mediterranean waters. Edison Exploration and Production hold a 100 percent working interest in this concession. The operation for […]

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