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Tag: Ganope

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 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 […]

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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. […]

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TGS WesternGeco

WesternGeco, TGS win $720m geophysical data contract for Ganope areas in Egypt

Posted: July 11, 2017 at 1:43 pm   /   Oil & Gas

Contract will be signed in two weeks for land areas in Western Desert and Red Sea. WesternGeco Schlumberger and TGS have won contract for the collection of geophysical data in open land areas of Ganoub El-Wadi Petroleum Holding Company (Ganope) in the Western Desert and Red Sea. The two companies will collect the geophysical data […]

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Red Sea

El Molla: Five IOC's are carrying out $750 million Seismic Survey of Red Sea

Posted: June 22, 2017 at 5:27 pm   /   Oil & Gas

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Ganoub El Wadi Petroleum Holding Company (GANOPE) had agreed with five International Oil Companies (IOC’s)  six months ago to conduct a $750m seismic survey in the Red Sea to prepare reports on the  reserves of oil and gas in the territorial waters after […]

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Naftogaz struggles to find advisor for selling Egypt assets

Posted: June 21, 2017 at 4:37 pm   /   Oil & Gas

Naftogaz repeatedly fails to find advisor to assess appropriateness of selling Egypt assets. National joint-stock company Naftogaz Ukrainy has annulled the second tender to provide investment banking services related to Naftogaz upstream assets in Egypt and search for potential buyers, as less than two bids were submitted. According to a report in the ProZorro e-procurement […]

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Red Sea

The Red Sea – The Middle East’s Untapped Oil, Gas Region (E&P Mag)

Posted: May 24, 2017 at 10:57 pm   /   Oil & Gas

The Red Sea remains underexplored but one of the world’s most intriguing areas for hydrocarbon exploration compared to the Arabian Gulf, home to Saudi Arabia’s Safaniya and Qatar and Iran’s joint gas field North Field and South Pars. A key difference between the Gulf and the Red Sea is water depth. The Arabian Gulf is […]

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Ukrainian Naftogaz considers selling Egyptian assets

Posted: March 2, 2017 at 3:02 pm   /   Oil & Gas

National joint-stock company Naftogaz Ukrainy intends to attract an investment and banking advisor who will assess how much the company can receive from sale of its assets in Egypt, Naftogaz Commercial Director Yuriy Vitrenko has said. “He will assess real offers and how much [buyers] are ready to give for this project. We will compare […]

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Ganope negotiating with five companies to collect geophysical data worth $1bn

Posted: February 21, 2017 at 12:57 pm   /   Oil & Gas

The list of companies in negotiations includes PGS, CGG, KGS, Schlumberger, and Nageco. Ganoub El-Wadi Petroleum Holding Company (Ganope) is negotiating with five companies on collecting geophysical data in open areas in the company’s business scope at a value of $1bn. Osama Farouk, vice chairperson for agreements and exploration at Ganope, said that the value […]

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EEHC signs MoU with Ganope, AERT Corp to study converting oil shale to electricity

Posted: February 7, 2017 at 1:46 pm   /   Oil & Gas

The Egyptian Electricity holding Company (EEHC) signed an MoU with Ganoub El Wadi Petroleum Holding (Ganope) and the Advanced Environmental Recycling Technologies (AERT) to study a project to convert oil shale from Ganoub El Wadi’s concessions to fuel and electricity, Al Borsa reported. (Source:

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