Petroleum Minister visits Chinese geophysical survey vessel at Safaga
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 […]
Ganope chairman: Egypt completed 4,200 km of Red Sea 2D seismic survey
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 […]
Egypt approves 4 oil & gas exploration agreements worth $230 million
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 […]
TGS, Schlumberger announce Red Sea multi-client 2D seismic survey offshore Egypt
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 […]
ExxonMobil delegation in Egypt to discuss possible oil and gas projects
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 […]
El Molla directs EGPC, Ganope, EGAS to accelerate oil exploration tenders
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 […]
Egypt to re-draft Oil & Gas contracts by end of 2018, adding new E&P incentives
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 […]
Ganope to award two IOCs E&P blocks in Western Desert, will announce Bid Round results by end of month
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. […]
WesternGeco, TGS win $720m geophysical data contract for Ganope areas in Egypt
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 […]
El Molla: Five IOC's are carrying out $750 million Seismic Survey of Red Sea
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 […]
