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Tag: Egypt Gas
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TGS completes 2D seismic survey in Red Sea off Egypt

Posted: May 11, 2018 at 8:33 pm   /   Oil & Gas

TGS has completed acquisition of a 10,000-km (6,214-mi) 2D long-offset, broadband multi-client seismic survey in the Egyptian Red Sea, and expects to deliver final data in December. The project was part of an agreement with South Valley Egyptian Petroleum Holding Company (GANOPE) that gives Schlumberger and TGS a minimum 15-year period of exclusive multi-client rights […]

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Acumen files lawsuit over inaccurate fair value study of Egypt Gas

Posted: December 18, 2017 at 2:10 pm   /   Oil & Gas

Egypt-based investment bank Acumen Holding has filed a lawsuit on Saturday in a Cairo economic court against the country’s market regulator, stock market, and Osool for Financial Consulting. The lawsuit is seeking to abolish ‘unfair’ assessment study that set Egypt Gas Company’s fair value at 175 Egyptian pounds ($9.79), Acumen said, citing violations of the […]

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Egypt Gas and Kuwaiti Al Rabiya sign $8.6 million contract

Posted: October 25, 2017 at 11:24 am   /   Oil & Gas

State-run Egypt Gas Company said Monday it has signed a contract of 2.6 million Kuwaiti Dinars ($8.6 million) with Kuwait’s Al Rabiya, as part of expansion scheme outside Egypt. Egypt Gas added that says project will start at the beginning of 2018, with expected gains worth around 10 million pounds from the contract. (Source: Amwal […]

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