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Tag: Exploration

Shearwater GeoServices delivers first East Med 3D survey package to Edison

Posted: October 18, 2017 at 7:57 pm   /   Oil & Gas

Shearwater GeoServices has supplied a 3D fasttrack pre-stack depth migration (PreSDM) product for Edison International from a new 3D SHarp broadband dataset in the Eastern Mediterranean. Simon Telfer, VP Processing and Imaging at Shearwater, said: “Edison required a PreSDM volume within weeks of completing the 3D acquisition. Our Onboard Processing and Depth Imaging groups worked […]

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Shell plans on drilling 63 wells in Egypt's Western Desert in 2018

Posted: October 13, 2017 at 4:12 pm   /   Oil & Gas

Royal Dutch Shell planned to drill 63 wells in Egypt in 2018 at different geological structures in the Western Desert, Shell’s Upstream International Director Andrew Brown announced Thursday. “This targets increasing oil and gas production volume in the Western Desert,” Brown added. In a Thursday meeting with Prime Minister Sherif Ismail and Minister of Petroleum […]

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Eni's sale of 30% stake in Egypt's offshore Shorouk concession to Rosneft confirms validity of "dual exploration" strategy

Posted: October 10, 2017 at 2:41 pm   /   Oil & Gas

Eni completes sale of a 30% stake in the Shorouk concession, offshore Egypt, to Rosneft. Following the finalization, Eni now holds a 60% stake in the concession, Rosneft 30% and BP 10%. Eni has finalized the sale of a 30% stake in the Shorouk concession, where the super-giant Zohr gas field is located, to Rosneft. […]

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EGAS to issue new oil & gas exploration tenders in 2018

Posted: October 9, 2017 at 1:20 pm   /   Oil & Gas

EGAS plans to issue new oil and gas exploration tenders in 2018, an unnamed company official tells Al Shorouk. It was reported last month that EGAS was planning to issue global tenders for the West Mediterranean concession once Norwegian firm PGS releases the results of its seismic survey for the area before the end of […]

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GPC to secure EGP 2.3 billion loan from six-bank consortium

Posted: October 9, 2017 at 1:11 pm   /   Oil & Gas

Egypt’s General Petroleum Company (GPC) has signed a financing agreement with a banking alliance made up of 6 local lenders to obtain a loan of EGP 2.3 billion to finance oil and gas exploration and drilling operations. The vice chairman of the National Bank of Egypt (NBE) Yehia Abul Fotooh said that the banking alliance […]

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Eni betting big on Zohr explorer Luca Bertelli finding new treasure

Posted: October 7, 2017 at 7:52 pm   /   Oil & Gas

Italian oil major Eni is betting billions on Luca Bertelli being able to achieve something he’s been doing since he was nine years old: spotting things others overlook. The geologist, who heads Eni’s exploration team, began collecting rocks as a boy growing up in Tuscany, developing a curious eye that eventually led him to discover […]

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GlobalConnect completes acquisition of 25% interest in Abu Sennan Concession in Western Desert

Posted: October 2, 2017 at 6:46 pm   /   Oil & Gas

GlobalConnect announces final Egypt Government approval of its acquisition of 25% participating interest in the Western Desert Abu Sennan Concession. GlobalConnect Ltd., a newly established Oil and Gas Exploration and Production company with focus on MENA (Middle East and North Africa) region, has announced the final approval of Egypt government of its acquisition of 25% […]

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El Molla directs EGPC, Ganope, EGAS to accelerate oil exploration tenders

Posted: October 1, 2017 at 4:23 pm   /   Oil & Gas

The Ministry of Petroleum aims to increase oil production to reduce reliance on imports. Minister of Petroleum Tarek El-Molla directed the Egyptian General Petroleum Corporation (EGPC), Ganoub El Wadi (South Valley) Egyptian Petroleum Holding Company (Ganope), and the Egyptian Natural Gas Holding Company (EGAS) to focus on offering areas for research and drilling for oil […]

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Egypt inked 83 oil and gas agreements with IOCs since 2013 – El Molla

Posted: September 27, 2017 at 7:01 pm   /   Oil & Gas

Foreign firms have entered in 83 agreements for oil and gas exploration and production with the Ministry of Petroleum since the June 30 Revolution of 2013, Minister of Petroleum Tarek El Molla said. During the minister’s meeting with the French Chamber of Commerce in Egypt, El Molla highlighted that this number is a record in […]

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Dana Gas and BP to drill exploration wells in the Nile Delta next month

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

Dana Gas and BP hope to begin drilling exploration wells in their Nile Delta concessions next month, an unnamed EGAS source tell Al Shorouk. The source added that Dana Gas has yet to release new funds to begin operations in the Nile Delta, and is awaiting approval from the board to release the funds before […]

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