Shell sells minority stake in offshore Mediterranean block to Kuwait’s Kufpec
Kufpec gets a slice of Shell’s Mediterranean block: Kuwait Foreign Petroleum Exploration Company (Kufpec) will acquire a 40% stake in Shell’s North East El Amriya concession area — also known as Block 3 – in the Mediterranean Sea, the companies said in a joint statement on Wednesday. The farm out agreement is pending approval from the government and regulators, […]
Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements
The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]
Cheiron sees first oil from Geisum appraisal well in Egypt’s Gulf of Suez
PICO GoS Limited, a Cheiron Group company, has achieved the first oil production from its appraisal well GNN-4 in the Geisum Concession in Egypt’s Gulf of Suez. The Geisum Concession is located offshore Egypt in the Southern Gulf of Suez in shallow waters with a depth ranging from 30 to 200 feet, covering an area […]
