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Tag: Egypt Kuwait Holding

EKH’s NSCO begins gas production from offshore North Sinai well

Posted: July 18, 2019 at 2:47 pm   /   Oil & Gas

Egypt Kuwait Holding’s (EKH) NSCO Investments Limited started production from its first North Sinai natural gas well on 13 July with a capacity of 25 mmcf/d, the company said in a stock exchange filing (pdf). EKH completed the drilling of its first North Sinai gas well at a cost of USD 15 million, and expects […]

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Seismic reveals Offshore N Sinai has 2.3 bcf potential gas reserves – EKH

Posted: March 3, 2019 at 11:53 am   /   Oil & Gas

Egyptian Kuwaiti Holding Subsidiary Offshore North Sinai Reveals Potential Natural Gas Reserves of 2,352 bcf. Analysis conducted by WesterGeco of the concession’s 3D seismic survey identifies several geological layers containing potential gas and condensate reserves at various depths, including 821 bcf in shallow- layer reserves and 1,531 bcf in deep-layer estimates. Egypt Kuwait Holding Company, […]

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EKH subsidiary raises stake in North Sinai offshore concession

Posted: February 21, 2018 at 10:26 pm   /   Oil & Gas

EKH’s unit raises stake in NSCO Investments. Egypt Kuwait Holding (EKH) on Tuesday said that one of its subsidiaries has increased its stake in NSCO Investments Limited, which owns an offshore gas field in Northern Sinai. EKH’s unit has raised its stake to 99.997% from 40% by the subscription in capital increase of $20 million, […]

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EK Holding sells 26% stake in Egyptian Hydrocarbon to Carbon Holdings

Posted: October 16, 2017 at 12:45 pm   /   Oil & Gas

An Egypt Kuwait Holding subsidiary sold a 26% stake in Egyptian Hydrocarbon Company to Carbon Holdings, according to a regulatory filing. Carbon Holdings bought the stake for USD 65.2 million, the disclosure notes without adding further detail. A source close to the transaction tells us that EKH will record a capital gain of USD 18 […]

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