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Tag: Gulf of Suez

Four companies expressed interest in exploration blocks tendered by EGPC

Posted: August 3, 2016 at 12:33 pm   /   Oil & Gas

Four companies have expressed interest in the 11 E&P projects in the Gulf of Suez and the Western Desert tendered by EGPC earlier this year, including US firms Apache Crop, Eos Petro, Greece’s Aegean Oil, and a Chilean company, sources at EGPC told Al Mal. The authority has not received bids from any of the […]

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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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SDX Energy announces closing of second tranche of private placement

Posted: July 25, 2016 at 12:58 pm   /   Oil & Gas

SDX Energy Inc., an oil and gas exploration and production company with assets in Egypt, has announced that, further to its news release dated May 20, 2016, it has completed the second tranche of the private placement. The second tranche consists of 3,910,000 common shares (the ‘Placement Shares’) that had been placed with an investor […]

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Five IOCs interested in acquiring Circle Oil's investments in Egypt

Posted: July 24, 2016 at 1:56 pm   /   Oil & Gas

Companies including BP, Kuwait Energy, and Rockhopper are vying to acquire Circle Oil’s NW Gemsa stake. Circle Oil is looking to sell its 40% stake of Petro Amir’s concession in the Gulf of Suez, Al Mal reported. A source told Al Mal Circle Oil is owed USD 10-12 mn from EGPC, which it recently called […]

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$400m dues owed to RWE for its stake in Suez Oil Company fields

Posted: July 18, 2016 at 10:26 pm   /   Oil & Gas

RWE’s contract in Gulf of Suez concession ends in July 2017; with no request for renewal. The Ministry of Petroleum owes its German partner RWE $400m in dues in exchange for its stake in oil and gas from concession areas. A source in the petroleum sector revealed to Daily News Egypt the real reason behind […]

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ThinJack Secures Largest Ever Egyptian Project

Posted: June 1, 2016 at 7:08 pm   /   Oil & Gas

Leading Aberdeenshire-based oil service company ThinJack Ltd has reached an agreement with a prominent Middle East oil and gas operating company and what could be ThinJack’s largest ever agreement in the region. The agreement is for the removal of multiple well Christmas trees on surface platforms in the Gulf of Suez, Egypt.  It follows the […]

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Circle Oil offers its stake in North West Gemsa field for sale

Posted: May 21, 2016 at 7:10 pm   /   Oil & Gas

Circle Oil Plc, the Irish incorporated oil and gas exploration, development and production company, is looking to sell its 40% stake in North West Gemsa field. The concessions are operated by a joint production company PetroAmir, whose partners include: EGPC, Zhen Hua (NPIC – 50% working interest and operator); Circle Oil Egypt Limited (40% working […]

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SDX Energy: Positive Development Well results in NW Gemsa

Posted: May 20, 2016 at 7:56 pm   /   Oil & Gas

Al Amir S.E. #24 Development Well SDX Energy Inc., an oil & gas exploration and production company with assets in Egypt & Cameroon, is pleased to provide the following update on the recently completed Al Amir SE 24 (AASE-24) development well in North West Gemsa, where SDX Energy has 10% working interest. The well encountered […]

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Circle Oil completes infill drilling campaign on North West Gemsa field

Posted: May 17, 2016 at 12:59 pm   /   Oil & Gas

Circle Oil plc, the international oil and gas exploration, development and production company announces that the 2016 infill drilling campaign on the North West Gemsa field (Circle Oil 40%, NPIC 50%, SDX 10%) has been completed. The second of the two production wells, AASE-24 has been drilled to TD, completed and tied in to the […]

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Egypt launches international bid round for 11 oil exploration blocks in the Western Desert and Gulf of Suez

Posted: May 15, 2016 at 12:15 pm   /   Oil & Gas

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 […]

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