Newsletter subscribe
Tag: Gulf of Suez

Results of Ganope Bid Round announced, awards five concessions worth $100 million

Posted: August 3, 2015 at 9:37 pm   /   Oil & Gas

Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about $100 million with bonuses of $3.7 million to drill 16 exploration wells for oil and gas, having received seven offers for 5 blocks, the oil ministry said in a statement on Monday, as the country seeks […]

No Comments read more

Egypt signs exploration deal with Italy's Eni worth $2 billion

Posted: June 2, 2015 at 2:14 pm   /   Oil & Gas

Egypt’s Petroleum Ministry said on Monday it had signed an energy exploration deal with Italy’s Eni worth $2 billion following an MOU signed in March during the Egyptian Economic Development Conference (EEDC). The deal paves the way for the modification of some previous deals between the ministry and Eni that include gas price adjustments, the […]

No Comments read more

Eni signs a $5 billion framework agreement for the development of Egypt's oil and gas resources

Posted: March 17, 2015 at 8:36 pm   /   Oil & Gas

The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, signed with Eni’s CEO, Claudio Descalzi, a Head of Agreement aimed at the development of the oil and gas resources of the Country while preserving the return of Eni’s investments. The Head of Agreement envisages investments of an estimate 5 billion dollars of total value […]

No Comments read more