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Tag: EGAS

The first steps of Zohr, the largest gas discovery in the Mediterranean Sea

Posted: February 22, 2016 at 3:32 pm   /   Oil & Gas

The Egyptian Ministry of Petroleum and Mineral Resources has approved that the Egyptian Natural Gas Holding Company (EGAS) grants Eni the Zohr Development Lease. The development plan envisages the start of production by the end of 2017, just two years after the discovery, with a progressive ramp up until reaching a volume of about 75 […]

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Eni completes authorization process for the development of Zohr gas field

Posted: February 22, 2016 at 3:07 pm   /   Oil & Gas

The Egyptian Ministry of Petroleum has approved that EGAS grants Eni the Zohr Development Lease, which allows for the development of the gas field located offshore Egypt. The Egyptian Ministry of Petroleum and Mineral Resources has approved that the Egyptian Natural Gas Holding Company (EGAS) grants Eni the Zohr Development Lease, which, following the contractual […]

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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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EGAS renegotiates WDDM Phase 9b with BG, Shell and Petronas

Posted: February 15, 2016 at 1:01 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) is restarting negotiations with BG Group and Petronas over the West Delta Deep Marine (WDDM) Phase 9b project and bringing it on stream. EGAS chief Khaled Abdel Badie said that regular meetings are taking place with foreign partners BG, Shell (which has recently acquired BG) and Petronas and […]

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Eni to complete second well in Zohr field by April for $100m

Posted: February 13, 2016 at 2:36 pm   /   Oil & Gas

Italian Eni will finish drilling the second well in the Zohr field in the Shorouk concession area located in the deep waters of the Mediterranean by the next April, with a cost of approximately $100m. A prominent official at the Egyptian Natural Gas Holding Company (EGAS), who requested to remain anonymous, said the company aims […]

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EGAS to hold international tender for 11 oil and gas blocks

Posted: January 18, 2016 at 2:57 pm   /   Oil & Gas

Egypt will hold an international tender for 11 oil and natural gas exploration blocks in the Mediterranean sea and Nile Delta during the second half of fiscal year 2015-2016, Khaled Abdel Badie, head of state-owned EGAS said in a statement on Sunday. Egypt, which used to be a net energy exporter, has turned into a […]

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EGAS awards tender for 55 cargoes of LNG

Posted: October 15, 2015 at 6:46 pm   /   Oil & Gas

Egypt is to buy 55 cargoes of liquefied natural gas (LNG), equal to about a tenth of its annual gas demand, via a tender awarded to seven companies. The cargoes, 10 more than Egypt originally tendered for, contain around 4.68 billion cubic metres of gas. The country consumed about 48 billion cubic metres of gas […]

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Eni announces details of North El Hammad and North Ras El Esh exploration license awards

Posted: October 12, 2015 at 3:21 pm   /   Oil & Gas

These two new concession agreements follow the recent award of the deep water Karawan and North Leil blocks, strengthening Eni’s presence in Egypt, a country of historic and strategic importance for the Company, and further relaunching its exploration activities after the recent and important successes of Nidoco NW and Zohr. Eni has been awarded with […]

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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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BW Gas floating LNG terminal arrives in Egypt

Posted: October 1, 2015 at 6:40 pm   /   Oil & Gas

A second liquefied natural gas (LNG) import terminal arrived in Egypt without cargo on Wednesday and will start operating in the third week of October, state gas board EGAS head Khaled Abdel Badie told Reuters. The floating storage and regasification unit (FSRU) provided by Singapore-based Norwegian gas shipping company BW Gas will allow Egypt to […]

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