bp awarded King Mariout Offshore exploration block in Egypt’s West Mediterranean
bp has been awarded an exploration block offshore Egypt following its successful participation in the limited bid round organised by the Egyptian Natural Gas Holding Company in 2021. The King Mariout Offshore area, with 100% bp working interest, is located approximately 20 kilometres west of the Raven field in the Mediterranean Sea. The block covers […]
Chevron signs agreement to drill first its exploration well in Egypt’s Mediterranean
US energy company Chevron is planning to drill the first exploration well in its concession area in the eastern Mediterranean next September, the firm’s president Mike Wirth said. The move comes as the Egyptian Natural Gas Holding Co., or EGAS, signed an initial agreement with the US company to cooperate in the activities of transporting, […]
Eni announces three new discoveries in the Western Desert of Egypt
New oil and gas discoveries in the Meleiha concession add 8,500 barrels of oil equivalent to production. Eni announces new oil and gas discoveries in the Meleiha concessions, in Egypt’s Western Desert, for approximately 8,500 barrels/day of oil equivalent. These new discoveries have already been connected and tied into production, in line with the Infrastructure-led […]
TGS Announces a Second 3D Multi-Client Seismic Survey in Egypt’s Red Sea
TGS, a global provider of energy data and intelligence, today announced a new 3D seismic survey in the Red Sea, Egypt, in partnership with Schlumberger. This survey represents the second phase of new acquisition for the partners in this region and will encompass a minimum of 5,000 square kilometers. Data will be acquired with long […]
ExxonMobil, QatarEnergy sign farm out for North Marakia block offshore Egypt
ExxonMobil signed an agreement to farm out working interest in the North Marakia exploration block offshore Egypt to QatarEnergy. Subject to customary approvals by the government of Egypt, QatarEnergy will hold a 40% working interest in the North Marakia Offshore Block in the Mediterranean Sea, An ExxonMobil affiliate will remain operator with 60% interest. The […]
ExxonMobil to analyze Glaucus-2 natgas discovery offshore Cyprus
A consortium led by ExxonMobil Corp. will analyze data collected from the Glaucus-2 appraisal well in Block 10 of the Exclusive Economic Zone of the Republic of Cyprus. Drilling of the now completed well demonstrated the presence of a gas reservoir with high quality characteristics, according to the Cyprus Ministry of Energy, Trade, and Industry. This is […]
United Oil & Gas provides Abu Sennan ASD-2 well update
United Oil & Gas has announced an update on the drilling of the ASD-2 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. Highlights ASD-2 development well encountered a total of at least 25.5m of net pay across multiple oil-bearing reservoirs ASD-2 […]
Capricorn Energy announces full year results for the year ended 31 December 2021
Simon Thomson, Chief Executive, Capricorn Energy, said: ‘2021 was a transformational year for Capricorn; we continued to successfully reshape our portfolio and achieved a positive resolution of our Indian tax dispute. From the proceeds of asset sales and the Indian tax refund we have committed to nearly US$1 billion of capital returns to shareholders in […]
UAE’s Dragon makes huge 100 mn oil barrel discovery in Gulf of Suez
Dragon Oil strikes for the first time — and strikes big — in Suez concessions: Emirates National Oil Company (ENOC) subsidiary Dragon Oil has discovered a 100-mn-barrel oil field in the Gulf of Suez concessions it acquired from BP in 2020, the company said during a sit-down with Oil Minister Tarek El Molla, according to a ministry statement. The […]
PGS releases new 3D GeoStreamer seismic data for Mediterranean Sea in Egypt
PGS has added five 3D seismic surveys to its data library offshore Egypt, to create new broadband 3D coverage of more than 18,700 sq km in recently awarded nearshore license blocks. Time-migrated data is available now, while final depth data will be ready in May 2022. The five surveys were acquired in 2021 by PGS, in collaboration with […]
