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Tag: EGPC
Wintershall Dea

Wintershall Dea divests its interest in the Gulf of Suez concession

Posted: February 3, 2022 at 3:40 pm   /   Oil & Gas

Transfer of interest to the Egyptian General Petroleum Corporation after 38 years of efficient production. Proud history in Egypt will continue. Stronger focus on production of natural gas. As of 1st January 2022, after 38 years of economic and efficient production from the Gulf of Suez, Wintershall Dea is closing this chapter of its long […]

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Pharos Energy

Pharos Energy signs Third Amendment to the El Fayum Concession Agreement

Posted: January 22, 2022 at 10:23 am   /   Oil & Gas

Pharos Energy has announced that the Third Amendment to the El Fayum Concession Agreement has been signed by His Excellency Eng. Tarek El Molla (Minister of Petroleum & Mineral Resources of the Arab Republic of Egypt), EGPC and the Company on 19 January 2022. The agreement has become effective upon signature, with retroactive application of the improved fiscal […]

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TransGlobe

TransGlobe Energy announces Eastern Desert contract execution

Posted: January 22, 2022 at 10:20 am   /   Oil & Gas

TransGlobe Energy has announced execution of the new concession agreement consolidating and amending its three existing Eastern Desert concession agreements (West Gharib, West Bakr and North West Gharib). All dollar values are expressed in US dollars unless otherwise stated. Production Sharing Contract Finalization TransGlobe has signed the Agreement which was ratified into law in December 2021 by […]

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Bid Round Result

Egypt announces Results of 2021 International Digital O&G Bid Round: Seven companies awarded eight concessions

Posted: January 3, 2022 at 8:31 pm   /   Oil & Gas

Seven international companies were awarded exploration and production licenses for eight oil and gas concessions in the Mediterranean, the Western desert, and the Gulf of Suez, with a minimum investment value of c.USD 250 mn, the Oil Ministry said today. The licenses were awarded to Eni, BP, Apex International, Energean, United Energy, INA Naftaplin, and […]

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Transglobe

TransGlobe announces amendment of Egypt’s Eastern Desert Production Sharing Contracts

Posted: December 22, 2021 at 12:57 pm   /   Oil & Gas

TransGlobe Energy announces ratification of the consolidated and amended Eastern Desert Production Sharing Contracts. TransGlobe Energy has announced the ratification of the consolidated and amended Eastern Desert Production Sharing Contracts. Production Sharing Contract Ratification TransGlobe has received notification that its agreement with the Egyptian General Petroleum Corporation (‘EGPC’) to merge, amend and extend its three existing Eastern Desert concessions […]

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apache

Egypt’s Parliament approves Apache’s Modernized Production Sharing Contract

Posted: December 1, 2021 at 11:45 am   /   Oil & Gas

APA Corp. says Egypt’s parliament approved the company’s agreement to modernize and consolidate its current production sharing contracts with the government. APA says the changes will “simplify the contractual relationship with [the government] and include provisions to create a single cost recovery pool, facilitate increased recovery of prior investment, adjust cost recovery and production sharing percentages, and refresh the […]

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Energean

Energean signs Amendment Agreement for Egypt’s North Idku Concession

Posted: November 29, 2021 at 10:57 am   /   Oil & Gas

Amendment agreement of North Idku concession, issued by Law No. 143 of the year 2021 Energean Egypt Limited and Egyptian General Petroleum Corporation after the consent of his excellency minister of petroleum and mineral resources Eng. Tarel El Molla, signed the second amendment of the concession agreement for petroleum exploration and exploitation in North Idku […]

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2021 Bid Round Map

Deadline for Egypt’s International E&P Bid Round extended till 30 September

Posted: June 29, 2021 at 8:03 pm   /   Oil & Gas

The deadline for Egypt’s first international oil and gas E&P tender of 2021 will be on 30 September, Oil Minister Tarek El Molla announced during a panel session organized by the American Chamber of Commerce in Egypt (AmCham Egypt). Several international oil companies had requested that the deadline be extended from the previously announced date […]

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Eni

Eni merges two Western Desert concessions into new Merged Meleiha concession

Posted: June 16, 2021 at 12:47 pm   /   Oil & Gas

Eni signs for the merging of Meleiha and Meleiha Deep concessions into a new concession called Merged Meleiha in Western Desert Egypt: The agreement will unlock considerable resources while will allow to further exploit region’s gas reserves, strengthening Eni’s role as the largest gas producer in Egypt. Eni has signed an agreement with the Arab […]

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apache

Apache moves toward revamp of its contracts in Egypt’s Western Desert

Posted: May 5, 2021 at 2:25 pm   /   Oil & Gas

APA Corp. reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corp. in support of the MOP’s efforts to modernize the country’s petroleum sector. The new Production Sharing Contract (PSC) will consolidate most of the concessions in the Western Desert of Egypt operated by APA Corp. […]

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