Eni, Tharwa to drill first exploratory well at offshore Noor field
Italy’s Eni and Egypt’s Tharwa company will drill the first exploratory oil well in Northern Sinai’s offshore Noor field next week, an official at Egypt’s gas company EGAS said on Thursday. Egypt’s cabinet approved in March an agreement to explore the North Sinai region of the Mediterranean Sea. Under the deal, Eni and Tharwa will […]
Egypt inks $1 billion WDDM exploration deal with Shell, Petronas
The Egyptian General Petroleum Corporation EGPC signed a deep-water oil and gas exploration agreement with Royal Dutch Shell and Malaysia’s Petronas worth around USD 1 billion, according to an Oil Ministry statement on Saturday. The agreement would see the two companies drill eight wells in the West Delta Deep Marine WDDM area in the Mediterranean […]
Oil Ministry, Schlumberger to host convention on Red Sea exploration
Oil Ministry, Schlumerger to host international convention in November on energy exploration in the Red Sea. The Oil Ministry and Schlumberger Ltd. will organize a conference in Hurghada this November to promote and market available concessions and oil and gas exploration areas in the Red Sea area, according to a ministry statement. The news came […]
Eni announces new gas discovery in Egypt’s Western Desert
Eni announces a gas discovery in the Egyptian Obayed concession located in the Egyptian Western Desert. Eni has started the studies to develop these relevant gas reserves that, together with the gas potential of the Melehia Concession, can contribute to increase the country gas production. The discovery well has been drilled on the Faramid South […]
Egypt signs E&P agreements worth $65 million in Sinai, Gulf of Suez
Minister of Petroleum and Mineral Resources Tarek el-Molla signed two new agreements for oil and natural gas exploration and production in Sinai and the Suez Gulf with investments of $65 million. The minister also signed grants of $3.5 million, an official statement revealed. The first agreement is signed with General Petroleum Company (GPC) in Sinai’s […]
Apache to increase its annual exploration investment in Egypt to $1 billion
U.S. corporation Apache announced plans to increase its annual oil and natural gas exploration investment in Egypt to about 1 billion U.S. dollars, the Egyptian Petroleum Ministry said in a statement on Tuesday. Apache CEO John Christmann said following a meeting with Egypt’s Petroleum Minister Tarek al-Molla that his company’s move “reflects the importance of […]
Aramco highlights benefits of Red Sea seismic surveys
Saudi Aramco has outlined some recent technical achievements in its 2017 annual report. In the Red Sea, using an autonomous system that deployed seismic nodes on the seabed via reinforced armored rope, the company cut the costs of 3D seismic data acquisition over two blocks, measuring respectively 800 sq km (309 sq mi) and 900 […]
Eni signs new exploration license for Noor area offshore Egypt
Eni granted new exploration license named “Nour” located in the prolific East Nile Delta Basin of the Mediterranean Sea in Egypt. Eni announces that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian authorities. The exploration license, […]
Egypt signs 3 Oil & Gas exploration agreements worth $139.2 million
Minister of Petroleum and Mineral Resources Tarek el-Molla signed three new oil agreements for the exploration of oil and natural gas in the Mediterranean, Western Desert and Nile Delta regions with investments of $139.2 million. The minister also signed grants of $55 million for drilling 15 new wells, an official statement revealed. The first agreement […]
EGAS announces extension of closing date for 2018 Bid Round
The Egyptian Natural Gas Holding Company (EGAS) announces the Change of the closing date of its 2018 International Bid Round for 16 blocks. The closing date is extended from Monday 8th of October, 2018 to Thursday 29th of November, 2018. (Source: EGAS)
