Egypt signs two exploration agreements with IPR and Mediterra
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 […]
Egypt launches international bid round for 11 oil exploration blocks in the Western Desert and Gulf of Suez
Egypt launched international bids for oil exploration in 11 blocks in the Western Desert and the Gulf of Suez, the petroleum ministry announced in a press release on Thursday. Five blocks will be offered in the Gulf of Suez, North-East of October, North-East of Al Hamd, North-East of Ramadan, East Badri, North maritime Esran, while […]
Petroleum ministry plans to raise foreign investments in Egypt to $8.5 billion in 2015-16
Egypt’s petroleum ministry eyes raising foreign investments in Egypt in drilling and exploration projects by US$1 billion to hit around $8.5 billion by the end of fiscal year 2015-16. Source at the ministry told Amwal Al Ghad Sunday that oil agreements that were signed with foreign partners during the last months have participated in boosting […]
Trident Petroleum signs exploration agreement for Northwest Seabird concession in the Gulf of Suez
Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed a new oil and gas exploration agreement in the Gulf of Suez, between Ganoub El Wadi Petroleum Holding Co (Ganope) and Egypt’s Trident Petroleum Company. The exploration agreement for Block 6 Northwest Seabird (Tair al-Bahr) concession in the Gulf of Suez, covering a 191 square […]
Hibiscus Petroleum announces details of East Ras el Ush Concession Award
Introduction: Hibiscus Petroleum Berhad is pleased to announce that its wholly-owned subsidiary, Gulf Hibiscus Limited (“Gulf Hibiscus”), has been awarded the South East Ras El Ush concession (“Block 2”) in Egypt by the Ganoub El-Wadi Petroleum Holding Company (“Ganope”), an entity of the Ministry of Petroleum, Arab Republic of Egypt (“Award of the Concession”). The […]
