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Tag: Edison

Ministry of Petroleum discusses Joint Cooperation Agreement with Italian Edison

Posted: April 7, 2016 at 1:40 pm   /   Oil & Gas

The Minister of Petroleum & Mineral Resources, Eng.Tarek El Molla, has received Mr. Marc Benayoun, Chief Executive of Edison International Group and President of the Board of Directors, where they discussed boosting bilateral relations and investment opportunities along with reviewing the executive status of the projects carried out by Edison company, currently, in Egypt. The […]

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Video: How Vega Oil Offshore Platform Works (Edison)

Posted: March 29, 2016 at 10:00 am   /   Oil & Gas

Vega oil field is located in the Sicilian Channel, 20 km south of Pozzallo (Italy). In production since 1987, Vega platform was developed with 24 wells, and located in 130 metres of water. The platform can process 60,000 barrels of oil per day. Close to Vega platform there’s a floating storage and offloading tanker (Leonis) […]

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Edison could announce a Zohr-sized gas discovery soon – EGAS official

Posted: February 16, 2016 at 2:06 pm   /   Oil & Gas

Italian E&P company Edison could be soon announcing a gas discovery similar in size to the Zohr discovery, according to an EGAS official, and that the results of seismic mapping of its North Port Fouad concession, adjacent to Eni’s Shorouk concession, will be announced in the second half of 2016. According to the source, who […]

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Edison looks to sell part of Egypt's Abu Qir Field

Posted: January 15, 2016 at 9:12 pm   /   Oil & Gas

Edison, Italy’s No. 2 energy company owned by France’s EDF, is trying to sell part of its Abu Qir field in Egypt and has opened the books to prospective buyers including Kuwait’s KUFPEC, people familiar with the matter said. Edison, which paid around $1.4 billion for the field in 2009, owns all exploration and production […]

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Edison completes seismic mapping of its Mediterranean deep water concession

Posted: January 15, 2016 at 8:48 pm   /   Oil & Gas

Edison has completed the seismic mapping for its concession adjacent to Eni’s supergiant Zohr field, according to an Oil Ministry senior official. The source expects a major discovery in this specific area and an increased number of new discoveries in the Mediterranean in general. The source added that the Zohr field recently discovered by Italian […]

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Fall of oil price pushes EGPC to halt tender for new exploration

Posted: January 10, 2016 at 7:57 pm   /   Oil & Gas

The price of Brent on international markets recorded $34.4 on Wednesday and reached a maximum of $45 in November. The Egyptian General Petroleum Corporation (EGPC) postponed offering new exploration tenders for oil and gas for foreign companies in ten areas until prices of Brent oil stabilise in international markets, instead of offering tenders early in […]

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Results of EGAS Mediterranean Bid Round announced, awards four offshore exploration licenses

Posted: October 6, 2015 at 9:06 pm   /   Oil & Gas

Egypt has awarded four new licences to explore for oil and gas off its Mediterranean coast, weeks after Eni’s giant Zohr gas find piqued fresh international interest in the area. Egypt’s state gas company EGAS said in a statement it had awarded one licence to Britain’s BP and one to Italy’s Edison. A consortium involving […]

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Edison signs joint development agreement with Qalaa to build a combined cycle power plant in Abu Qir

Posted: July 24, 2015 at 7:02 pm   /   Electricity & Power

On the occasion of Egypt National Day at Expo, Edison Chief Executive Officer, Bruno Lescoeur, and Qalaa Energy CEO, Mohamed Shoeib, signed a Joint Development Agreement to build an 180 MW power plant, which will bring more efficient and sustainable energy to the Egyptian customers. The agreement has been signed within the framework of the Italian-Egyptian […]

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Egypt raises gas price paid to Italy's Eni and Edison – EGAS official

Posted: July 6, 2015 at 9:32 pm   /   Oil & Gas

Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an official with state-owned gas company EGAS said on Sunday. The agreements mark the latest move by Egyptian authorities to improve terms for foreign oil and gas businesses in the hope that more competitive pricing will […]

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