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Tag: Ganope

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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Ganope to invest $53m on exploration and development

Posted: January 24, 2017 at 3:44 pm   /   Oil & Gas

Minster of Petroleum and Mineral Resources Eng. Tarek El Molla headed the General Assembly of Ganoub El Wadi Petroleum Holding Company (Ganope) to review the company’s budget for fiscal year 2017/2018. During the meeting, the Petroleum minister Eng. Tarek El Molla, stated that the Egyptian Petroleum and gas sector is deploying several developmental projects within […]

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EGAS to tender up to nine new Mediterranean concessions, reprice North Sinai gas

Posted: August 17, 2016 at 7:00 pm   /   Oil & Gas

EGAS will issue tenders for oil and gas exploration and production in eight or nine concession in the Mediterranean by the end of the year, Oil Minister Tarek El Molla told Al Borsa, bringing the total number of concessions during the year to 30. The new tender is set to be issued once EGPC and […]

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Petroleum Ministry calls on international companies for seismic mapping of Red Sea

Posted: August 17, 2016 at 3:02 pm   /   Oil & Gas

The Petroleum Ministry will ask international firms to start seismic mapping of the Red Sea area to increase the attractiveness of investments in the region, Chairman of Ganope, Ganoub El Wadi Petroleum Holding Company, Sherif Sousa told Al Masry Al Youm. Under Egypt’s new system for issuing E&P tenders that target “technologically advanced” companies, Egypt […]

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Ganope launches International Bid Round for oil and gas exploration in Western Desert and Gulf of Suez

Posted: August 1, 2016 at 1:57 pm   /   Oil & Gas

Egypt’s state-owned Ganoub El-Wadi Petroleum Holding Company (Ganope) issued a new international tender for oil and gas drilling and exploration in 10 sectors in the southern areas of the Western Desert and Gulf of Suez. Egyptian oil minister Tarek El-Molla stated Sunday that the bid includes five areas notably in West Gabal El Zeit, South […]

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Egypt signs two exploration agreements with IPR and Mediterra

Posted: July 26, 2016 at 3:32 pm   /   Oil & Gas

Egypt’s Minister of Petroleum and Mineral Resources, Tarek al-Molla, signed two agreements for oil and gas exploration in upper Egypt with U.S. company IPR and Cyprus subsidiary Mediterra, the ministry said in a statement on Tuesday. The agreements include the drilling of three exploration wells located in sectors 7 and 8 in the country’s southern […]

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