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Tag: Edison
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Qalaa, Edison postpone government negotiations to build €100 million Abu Qir power plant

Posted: June 20, 2017 at 8:04 pm   /   Electricity & Power

Qalaa Holdings and Italy’s Edison postponed negotiations with the Electricity Ministry to build a EUR 100 mn power plant in Abu Qir, until the ministry announces new electricity prices in July, Al Borsa reports. The plant, which is expected to produce 180 MW, is co-financed by both companies. Electricity from the project would be sold […]

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Edison seeking partner to drill at North East Hapy offshore concession

Posted: June 12, 2017 at 6:02 pm   /   Oil & Gas

Italy’s Edison is looking for a partner to begin drilling the first deepwater well at its North East Hapy offshore concession. Drilling costs could surpass USD 100 mn, an unnamed EGAS source tells Al Shorouk. Edison had signed an USD 86 mn agreement with EGAS in January for E&P operations and drilling two new wells […]

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Edison starts production from new platform in Abu Qir concession, output up 20%

Posted: April 9, 2017 at 12:01 pm   /   Oil & Gas

Edison announced beginning production from the new platform North Abu Qir PIII (NA/Q-PIII) at the Abu Qir concession. The first production well, NAQPIII#1, came onstream last week and increased the overall natural gas output by circa 20%. Two additional wells are expected to be completed by July 2017, Edison says. (Source: Enterprise.press)

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Offshore Technology: As firms flock offshore Egypt, can the nation reverse its energy fortunes?

Posted: April 2, 2017 at 9:03 pm   /   Oil & Gas

Egypt’s recent signing of three exploration agreements with Total, Eni and BP are just the latest in a flurry of offshore activity following a major gas discovery by Eni in 2015. The Egyptian government is keen for the country to prosper from its resource wealth, to repay mounting debt and end a reliance on energy […]

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French Ambassador calls on France's Oil & Gas companies to take advantage of Egypt’s investment opportunities

Posted: February 16, 2017 at 10:08 pm   /   Oil & Gas

It’s a historic time for Egypt, as new natural gas explorations will bring self sufficiency to the country, said Marc Benayoun, CEO of Edison. In his speech on Tuesday at the Egypt Petroleum Show (EGYPS) currently being held in Cairo, Andre Baran, France’s ambassador to Egypt, called for French companies operating in the oil and […]

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Oil companies bullish on Egypt, eyeing more investment, discoveries

Posted: February 15, 2017 at 8:15 pm   /   Oil & Gas

Major international oil companies say they plan to step up their investments in Egypt, expecting to find more oil and gas now that Eni’s giant Zohr gas discovery has put its Mediterranean waters on the map. Once a net gas exporter, Egypt has turned into a major importer in recent years as growing domestic demand […]

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Players’ healthy interest outside Egypt’s Nile Delta

Posted: February 11, 2017 at 2:44 pm   /   Oil & Gas

Future upstream licensing in Egypt’s Nile Delta offshore province may be facing a hiatus, but the most recent round to have been completed by state-owned Egyptian General Petroleum Corporation signalled healthy interest by players in other acreages. Smaller, cash-strapped players were not much in evidence during the 2016 round, covering acreage in the Gulf of […]

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Italy's Edison signs agreement for North East Hapy offshore block with $86m investment

Posted: January 6, 2017 at 12:03 pm   /   Oil & Gas

Egyptian Natural Gas Holding Company (EGAS) signed a new oil agreement with Italy’s Edison to explore and produce oil and natural gas in North East Hapy area in the Mediterranean Sea. The investments of the agreement are estimated at more than US$86 million and a signature bonus of US$1.5 million , to drill two exploration […]

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Geofizyka Torun awarded 2D and 3D seismic data acquisition in Egypt for Edison

Posted: December 2, 2016 at 1:34 pm   /   Oil & Gas

Geofizyka Torun S.A. has been awarded a contract for 2D and 3D seismic data acquisition in Egypt for Edison. (Geofizyka Torun S.A. Press Release)

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Edison begins drilling three wells in Idku, Abu Qir, North West El Gindi by January

Posted: October 4, 2016 at 2:08 pm   /   Oil & Gas

Italian energy firm Edison will begin drilling three at its concessions in Idku, Abu Qir, and North West El Gindi, head of business development Tarek Shalaby told Al Borsa. He also added that Edison and Qalaa Holdings are currently in negotiations with the oil and electricity ministries to build a 180 MW power plant in […]

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