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Tag: EGPC
United Oil & Gas

United O&G announces new discovery at ASD-1X well in Egypt’s Abu Sennan Concession

Posted: April 6, 2021 at 12:12 pm   /   Oil & Gas

United Oil & Gas PLC, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to provide the following update on the drilling of the ASD-1X exploration well in the Abu Sennan concession, onshore Egypt. United holds a 22% working interest in the Licence, which is operated by Kuwait […]

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Fayum

Pharos Energy announces Agreement Amendment for El Fayum Concession

Posted: March 30, 2021 at 2:02 pm   /   Oil & Gas

Pharos Energy receives provisional approval to an amendment of the fiscal terms of its El Fayum Concession in Egypt’s Western Desert. Pharos Energy has received provisional approval from the Egyptian General Petroleum Corporation’s (EGPC) Main Board to an amendment of the fiscal terms of its El Fayum Concession, which is now subject to the approval […]

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Gulf Intelligence

El Molla: New Oil & Gas exploration tenders coming soon

Posted: January 31, 2021 at 2:10 pm   /   Oil & Gas

Energy companies will get a chance to get their hands on new onshore and offshore exploration blocks within two weeks, when state-owned EGPC and EGAS will launch a new oil and gas exploration tender, Oil Minister Tarek El Molla told Gulf Intelligence. The tender will include offshore blocks in the Mediterranean and Nile Delta, as […]

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TransGlobe-Merged-Concession

TransGlobe agrees with EGPC to merge, extend & modernize its Eastern Desert Concessions

Posted: December 7, 2020 at 1:10 pm   /   Oil & Gas

TransGlobe Energy Corporation announced it has reached an agreement with the Egyptian General Petroleum Corporation (“EGPC”) to merge the Company’s three existing Eastern Desert concessions (the West Gharib, West Bakr and North West Gharib concessions) into a new modernized concession agreement (the “Merged Concession” or “Agreement”). The Agreement is subject to the usual Egyptian Parliamentary […]

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Cabinet-meeting-4-Nov-2020

Egypt’s Cabinet approves three E&P Agreements with Eni, BP, Enpedco

Posted: November 5, 2020 at 12:28 pm   /   Oil & Gas

Three bills that authorize the Oil Ministry to sign oil exploration contracts earned cabinet signoff. IEOC, Eni’s joint venture with the EGPC, and Russian firm Lukoil will explore and develop the Meleiha concession in the Western Desert, while a second contract between the EGPC and BP for the South Ghareb Offshore concession in the Gulf […]

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bapetco

Bapetco made eight new discoveries in Egypt in FY 2019-2020

Posted: August 26, 2020 at 12:22 am   /   Oil & Gas

Shell-EGPC JV Badr El-Din Petroleum Company (Bapetco) made eight new discoveries in its Egypt concessions in FY2019-2020 with confirmed oil reserves of 10.6 mn bbl, according to an Oil Ministry statement. Bapetco drilled 44 developmental wells and one exploratory well last fiscal year. (Source: Enterprise.press)

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Egypt Government

Egypt’s Cabinet approves dispute settlements with Petroceltic, Italgen

Posted: August 23, 2020 at 12:59 pm   /   Oil & Gas, Renewables

Cabinet okays settlements with Petroceltic, Italgen: The Madbouly government has approved agreements to resolve disputes with Italgen and Petroceltic. The first covers a dispute between EGPC and Petroceltic International, which sought international arbitration to recover over USD 30 million in overdue payments it claims it is owed by EGPC. The second settles the tiff between […]

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Mediterra

Kom Ombo Petroleum to start $3m drilling operation at Baraka concession

Posted: August 9, 2020 at 1:39 pm   /   Oil & Gas

Kom Ombo Petroleum — a JV between the Egyptian General Petroleum Company and Mediterra Energy — will begin drilling two wells at its Baraka concession, which is expected to cost USD 2.5-3 mn, Al Mal reports, citing unnamed industry sources. The Baraka concession has produced some 350 to 400 bbl / d of oil this […]

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egypt-parliament

Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements

Posted: July 7, 2020 at 8:11 pm   /   Oil & Gas

The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]

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Cabinet

Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion

Posted: June 22, 2020 at 1:03 pm   /   Oil & Gas

Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]

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