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Tag: Kuwait Energy

GlobalConnect completes acquisition of 25% interest in Abu Sennan Concession in Western Desert

Posted: October 2, 2017 at 6:46 pm   /   Oil & Gas

GlobalConnect announces final Egypt Government approval of its acquisition of 25% participating interest in the Western Desert Abu Sennan Concession. GlobalConnect Ltd., a newly established Oil and Gas Exploration and Production company with focus on MENA (Middle East and North Africa) region, has announced the final approval of Egypt government of its acquisition of 25% […]

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Iraq SIba

Kuwait Energy sells 15% of its share in Siba gas field to EGPC

Posted: May 23, 2017 at 1:48 pm   /   Oil & Gas

The Basra Oil Company signed an amendment for Siba gas field contract that will enable Egyptian General Petroleum Corporation (EGPC) to enter as a partner in Kuwait Energy’s share by 15%. Kuwait Energy has a share of 45% in the project, as well as 30% for the Turkish Petroleum Corporation (TPAO) and 25% for Missan […]

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Abu Sennan

Rockhopper Exploration commences Abu Sennan drilling campaign

Posted: April 26, 2017 at 1:05 pm   /   Oil & Gas

Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce the commencement of the 2017 drilling campaign on the Abu Sennan Concession in Egypt in which the Company has a 22% working interest. Exploration well Al Jahraa SE-2X, situated on […]

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Rockhopper Exploration to launch Egypt program

Posted: February 8, 2017 at 7:18 pm   /   Oil & Gas

Rockhopper Exploration PLC on Tuesday said it will complete planned drilling work in Egypt before deciding what further work will be undertaken later on this year. Rockhopper holds a 22% interest in the Abu Sennan concession in Egypt, where one exploration well and one development well will be drilled in the first half of 2017, […]

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Kuwait Energy farms-out 25% of its interest in Abu Sennan concession to newcomer Global Connect

Posted: January 18, 2017 at 4:44 pm   /   Oil & Gas

Kuwait Energy plc is pleased to announce the signing of a Farm-Out Agreement (FOA) for 25% participating interest in the Abu Sennan concession from its share, to Global Connect Limited; a recently established E&P Company with a focus on MENA region. The FOA was signed in Egypt on Thursday 15 December 2016 and it is […]

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Egypt cuts energy deal with Kuwait Energy amid strains with Saudis

Posted: November 4, 2016 at 2:23 pm   /   Oil & Gas

Egypt, looking elsewhere to fill its energy needs amid a row with Saudi Arabia, signed an agreement with a Kuwaiti firm that will give Cairo a 20 percent stake in an Iraqi oil field. Kuwait Energy Plc signed an agreement with Egypt General Petroleum Corporation (EGPC) for a 20 percent participating interest for the Siba […]

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El Molla in talks with Iraqi Prime Minister for cooperation in drilling activities

Posted: October 31, 2016 at 3:09 pm   /   Oil & Gas

Oil minister Tarek El Molla discussed with Iraqi Prime Minister Haider Al Abadi opportunities to cooperate in the oil sector during his visit to Baghdad, Al Shorouk reported. EGPC signed a partnership agreement with Kuwait Energy for developing Seba natural gas field in Iraq last week, granting 20% of the field to EGPC. Talks also […]

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EGPC signs partnership agreement with Kuwait Energy for 15% of Iraq’s Seba gas field

Posted: October 27, 2016 at 2:08 pm   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) has signed a partnership agreement with Kuwait Energy for the Seba gas field located in southeast Basra, Iraq. The agreement stipulates that EGPC owns 15% of this field. The project is considered the second partnership agreement between EGPC and Kuwait Energy, the first partnership being the Fayhaa petroleum field […]

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Kuwait Energy starts production from Egypt's Al-Jahra SE-1X oil well

Posted: September 7, 2016 at 11:54 am   /   Oil & Gas

Kuwait Energy plc (Kuwait Energy) announced on Monday the commencement of production from the Al-Jahra SE-1X exploration well in the Abu Sennan concession located in Egypt’s Western Desert. After discovery of the well on 27 July 2016, Kuwait Energy obtained the development lease from the Egyptian Petroleum Corporation (EGPC) for Al-Jahra SE-1X on 24 August […]

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Rockhopper completes acquisition of Beach's production and exploration assets in Egypt

Posted: August 16, 2016 at 9:13 pm   /   Oil & Gas

AIM-listed Rockhopper Exploration has completed the acquisition of Beach Petroleum (Egypt) announced on 18 April 2016. Beach Egypt holds a 22% interest in the Abu Sennan concession and a 25% interest in the El Qa’a Plain concession. Highlights • Cash consideration for the Acquisition of US$11.9 million based on a cash effective date of 1 […]

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