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Tag: EGAS

Eni plans a further exploration well at Zohr to target deeper horizon

Posted: May 5, 2016 at 8:11 pm   /   Oil & Gas

Eni plans a further exploration well at Zohr to target deeper horizon identified on seismic data. Eni was awarded the Shorouk Offshore licence in January 2014 as part of the 2012 EGAS licensing round. The acreage had previously been part of the large NEMED block, operated by Shell. Shell shot 7,183 km2 of 3D seismic […]

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Egypt – The opportunity to become a crucial regional energy hub: Self Sufficiency by 2020 (ABO Oil)

Posted: April 29, 2016 at 1:13 pm   /   Oil & Gas

According to Tareq al-Mulla, Minister of Petroleum and Mineral Resources, the start of production at new natural gas fields, led by Zohr—planned for 2017—offers the opportunity to achieve this goal. Tareq al-Mulla has been Egypt’s Minister of Petroleum and Mineral Resources since September 19, 2015, when his predecessor, Sherif Ismail, was appointed Prime Minister. He […]

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Egypt gas agreements: from production sharing to tax/royalty

Posted: April 24, 2016 at 2:04 pm   /   Oil & Gas

By Nagy Iskander All oil exploration and production concession agreements in Egypt have been operating according to Production Sharing Agreements since 1973. This was a shift from the tax/royalty system towards equal sharing agreements concluded between the government, represented by the Egyptian General Petroleum Corporation (EGPC), and foreign companies, with a view to reduce the […]

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ENGIE signs LNG and renewable energy agreements with Egypt

Posted: April 19, 2016 at 7:36 pm   /   Oil & Gas, Renewables

Firstly, a cooperation agreement for further development of renewable energy with the National Renewable Energy Association (NREA) and the Egyptian Electricity Transport Company (EETC). On the occasion of  the State Visit of President François Hollande of the French Republic to Egypt, Isabelle Kocher, Deputy CEO and Chief Operating Officer of ENGIE, has signed today two […]

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Eni completes drilling third well in Zohr field

Posted: April 17, 2016 at 11:32 am   /   Oil & Gas

Company to complete establishing natural gas processing plant with 1bn cubic feet per day by December 2017. Italian company Eni completed the drilling of the third gas well at its giant offshore Zohr gas field in Egypt. The initial estimations of the third deepwater well are larger than the first and the second, with estimated […]

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BP to establish natural gas processing plant with 77bn cubic feet/day capacity

Posted: April 13, 2016 at 3:55 pm   /   Oil & Gas

BP to complete the LNG production facilities by end of 2020, says EGAS official. British Petroleum (BP) started to prepare the land allocated to establish a natural gas processing plant in Rosetta (Rashid) city, with a capacity ranging from 600m to 700m cubic feet per day. A senior official from the Egyptian Natural Gas Holding […]

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MEDREG contribution to the Egyptian gas regulatory reform

Posted: April 11, 2016 at 5:09 pm   /   Oil & Gas

On 4 April 2016 MEDREG (Mediterranean Energy Regulators) participated to a workshop in Cairo (Egypt) organized by the Egyptian Natural Gas Holding Company (EGAS). Egypt’s gas market has been facing great challenges: long term solutions for the reform of the gas sector have to be implemented. They include the restructuring of the gas market and […]

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Egypt replaces heads of EGPC and EGAS

Posted: April 10, 2016 at 12:42 pm   /   Oil & Gas

Egyptian Oil Minister Tarek al-Molla replaced the heads of state oil company EGPC and state gas company EGAS on Thursday, part of a slew of new appointments in the Egyptian energy sector. Mohamed al-Masry will replace Khaled Abdel Badie as head of EGAS, while Tarek al-Hadidi will take over from Masry as head of EGPC. […]

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EGAS makes first LNG payments for year – sources

Posted: March 8, 2016 at 1:42 pm   /   Oil & Gas

Egypt’s state-owned EGAS has made its first payments to liquefied natural gas (LNG) suppliers since payment terms for deliveries were extended, trade sources said. Egypt imports around six to eight cargoes of LNG per month and traders said that until last week EGAS had not paid suppliers since December when it extended payment terms to […]

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EGAS to issue third FSRU tender next month

Posted: March 1, 2016 at 7:06 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) plans to issue a tender for a third Floating Storage and Regasification Unit (FSRU) during the second half of next month, according to an EGAS official. EGAS is seeking a vessel with a capacity to regasify over 600 million cubic feet (MMcf) of gas per day. EGAS Chairman […]

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