Kuwait Energy Egypt kicks off 2021 Abu Sennan drilling campaign
Kuwait Energy Egypt has commenced its 2021 drilling campaign with the spudding of the ASH-3 development well in Egypt’s Abu Sennan license on Jan. 4, said partner United Oil & Gas PLC in a Jan. 5 release. ASH-3 is a vertical well targeting the producing Alam El Bueib (AEB) reservoirs at a depth of 3,600-3,950 […]
Kuwait Energy Egypt sponsors O&G Industry Conference “OGIC 5” Youth Event
Kuwait Energy Egypt sponsors OGIC 5 Youth Event & PetroPulse Magazine As part of its Corporate Social Responsibility and the youth empowerment, Kuwait Energy Egypt sponsored Oil and Gas Industry Conference 5 “OGIC 5” for the fifth year in a row organized by American Association of Petroleum Geologists, Suez University, Student Chapter, “AAPG SU SC”. […]
EDC-50 rig contracted for Abu Sennan ASH-3 well in Egypt’s Western Desert
Kuwait Energy Egypt and Abu Sennan license partners let a contract for the EDC-50 rig to drill the ASH-3 well in Egypt’s Western Desert. ASH-3 will target producing Alam El Bueib (AEB) reservoirs in an area of ASH field updip of the ASH-2 production well, which came onstream at the beginning of the year and […]
United Energy Group completes acquisition of Kuwait Energy
Shalakany assists United Energy Group on their successful acquisition of Kuwait Energy PLC. Shalakany are pleased to announce that they acted for Hong Kong listed energy corporation United Energy Group Limited (“UEG”) as Egyptian legal counsel in their acquisition of the entire share capital of Kuwait Energy PLC (“KE”) for over USD 650 million, which […]
United Energy to raise Egypt investment, participate in upcoming Bid Rounds
Petroleum Minister Tarek Molla welcomed plans of China’s United Energy Group to invest in Egypt for the first time. The company expressed desire to take part in international tenders in Egypt in view of promising investments in oil exploration in the country. Molla made the remarks during a meeting on Wednesday with a delegation from […]
United Energy Group acquires Kuwait Energy in $651 million deal
Hong Kong-listed energy firm United Energy Group has made a $651 million bid to acquire Kuwait Energy, United Energy said in a filing to the Hong Kong stock exchange, Reuters reports. Egypt assets among those that enticed United: The move comes as United Energy looks to expand in the Middle East. Kuwait Energy has operations […]
Egypt signs $10 mn E&P agreement with Rockhopper, Kuwait Energy, Dover
The Egyptian General Petroleum Corporation EGPC signed a USD 10 million agreement with British Rockhopper Exploration, Kuwait Energy and Canada’s Dover Corporation for oil and gas exploration in the Abu Sennan concession in the Western Desert, according to an Oil Ministry statement on Saturday. The agreement entails the drilling of four wells and includes a […]
Kuwait Energy looking to sell Egypt assets – sources
Kuwait Energy looks to spin-off Egyptian assets: Kuwait Energy has hired investment bank Perella Weinberg Partners to advise on possibly divesting its stakes in Egypt and Iraq, sources close to the matter tell Reuters. Plans include spinning off Egypt assets that include interests in four oil and gas fields, including the Abu Sennan concession. Kuwait […]
SOCO International terminates Kuwait Energy merger talks
SOCO said it “remains committed to a strategy of shareholder value creation”. SOCO International Plc told investors that it has withdrawn from talks with Kuwait Energy. The company, in a statement, said it “could not reach agreement with Kuwait Energy on the basis for an acceptable transaction.” It added that it remains committed to a […]
Kuwait Energy announces oil discovery at Area A in Egypt's Eastern Desert
Kuwait Energy is pleased to announce an oil discovery in the Area A concession situated in the Eastern Desert, Egypt. The South Kheir-1X (SK-1X) well spud on 11 December 2017 and tested successfully on 28 January 2018 at an initial oil flow rate of 2,452 barrels of oil per day (bopd) from the Hamman Faraun […]
