Newsletter subscribe
Tag: Ganope
Red Sea

Egypt launches 2019 Bid Round for Red Sea Oil & Gas Exploration

Posted: March 10, 2019 at 2:00 pm   /   Oil & Gas

The Ministry of Petroleum and Mineral Resources of Egypt (M.O.P) invite international qualified and interested companies having the technical and financial capabilities for an International Bid Round to explore and exploit oil and gas in offshore Egyptian Red Sea based on PRODUCTION SHARING AGREEMENT (P.S.A). South Valley Egyptian Petroleum Holding Company (Ganope) is the entity […]

No Comments read more
tgs-schlumberger Red Sea

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 […]

No Comments read more

Petroleum Minister visits Chinese geophysical survey vessel at Safaga

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

Minister of Petroleum Tarek El-Molla received the Dong Fang Kanten ship in Safaga, which is carrying out the work of the geophysical data collection project on Egyptian economic waters in the Red Sea, implemented by the alliance of WesternGeco-Schlumberger and TGS with investments of $750m. According to El-Molla, the seismic research conducted by the alliance […]

No Comments read more

Ganope chairman: Egypt completed 4,200 km of Red Sea 2D seismic survey

Posted: January 26, 2018 at 8:01 pm   /   Oil & Gas

Exploration bidding in those offshore areas will increase Egypt’s reserves, said El-Molla. A seismic vessel, which is currently conducting two-dimensional seismic surveys in the Red Sea region, has completed a survey of 4,200km of the total 10,000 km, said Mohamed El-Shimy, chairperson of the South Valley Egyptian Petroleum Holding Company (Ganope). He adding that the […]

No Comments read more

Egypt approves 4 oil & gas exploration agreements worth $230 million

Posted: December 30, 2017 at 6:11 pm   /   Oil & Gas

The Egyptian cabinet approved during its Thursday meeting four new oil and gas exploration agreements worth $230 million according to the Minister of Petroleum Tarek el-Molla announced. Two of the four agreements are related to the Egyptian General Petroleum Corporation (EGPC) for exploration in the Red Sea and Western Desert areas, while the other two […]

2 Comments read more

TGS, Schlumberger announce Red Sea multi-client 2D seismic survey offshore Egypt

Posted: December 21, 2017 at 2:26 pm   /   Oil & Gas

TGS-NOPEC Geophysical Company (TGS) and Schlumberger today announced a new 2D seismic project offshore Egypt. The project will comprise acquisition of a 10,000 km 2D long-offset broadband multi-client seismic survey. Advanced new acquisition and imaging techniques will provide better illumination of complex subsalt structures. The project will integrate all legacy seismic and non-seismic data. Acquisition […]

No Comments read more

ExxonMobil delegation in Egypt to discuss possible oil and gas projects

Posted: November 5, 2017 at 12:50 pm   /   Oil & Gas

A delegation from ExxonMobil reportedly arrived in Egypt to discuss possible oil and gas projects within the next 5-7 years, an Oil Ministry source says, Youm7 reports. The delegation met with officials from the EGPC, EGAS, and the Ganoub El Wadi Petroleum Holding Company (Ganope). The company is reportedly particularly interested in exploration projects in […]

No Comments read more

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 […]

No Comments read more

Egypt to re-draft Oil & Gas contracts by end of 2018, adding new E&P incentives

Posted: August 24, 2017 at 1:12 pm   /   Oil & Gas

The Egyptian Ministry of Petroleum to re-draft contracting forms by end of 2018. The petroleum committee met foreign partners to discuss their suggestions for amendments. The Ministry of Petroleum has formed a joint committee to re-draft the petroleum agreements and to add incentive terms for foreign investors in the petroleum sector. The new committee consists […]

No Comments read more

Ganope to award two IOCs E&P blocks in Western Desert, will announce Bid Round results by end of month

Posted: July 11, 2017 at 3:15 pm   /   Oil & Gas

Ganoub El Wadi Petroleum Holding Company (Ganope) will award two international companies oil and gas E&P projects in the Western Desert, an unnamed Ganope source tells Al Borsa. Ganope will announce the winners of the tender for 10 blocks in the Western Desert and Gulf of Suez in two weeks’ time, according to the source. […]

No Comments read more