Eni open to selling stake in supergiant Zohr gas discovery
Italy’s Eni is open to selling a stake in its “supergiant” Zohr gas field discovery off of Egypt, its chief executive said, as the state-controlled energy company looks for funds to bankroll development without sacrificing dividends. Eni said on Sunday it had discovered the largest known gas field in the Mediterranean off Egypt, covering an […]
Eni discovers supergiant gas field offshore Egypt, the largest ever found in the Mediterranean Sea
Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold a potential of 30 trillion cubic feet of lean gas in place covering an area of about 100 square kilometres. Zohr is the largest gas discovery ever made in Egypt and in […]
Maersk Discoverer completes deepest well drilled in Egypt & longest in the Mediterranean
Maersk Discoverer finished well 62 days ahead of time for BP and claimed two offshore Mediterranean records. In the beginning of May, the crew on Maersk Discoverer reached a great milestone when they finalised their latest well two months ahead of time. The well was another East Nile Delta success for BP, discovering 50 m […]
PGS confirms signing significant multi-client deal for Egypt
PGS confirmed that a multi-client agreement covering Egypt’s Western Mediterranean Sea was signed Wednesday 24 June 2015 by Egyptian Natural Gas Holding Company (EGAS) and PGS. Following a competitive tendering process, PGS has been selected by Egyptian Natural Gas Holding Company (EGAS) to supply services related to the largest seismic oil and gas exploration project […]
EGAS to conduct Mediterranean's largest seismic exploration project
Egypt’s state-owned gas company EGAS will carry out the largest seismic oil and gas exploration project in the Mediterranean, seeking data that could attract global exploration companies, it said on Thursday. EGAS said it has signed a deal with Norwegian seismic surveyor PGS to conduct two and three-dimensional scans in the western zone of Egypt’s […]
Egypt signs exploration deal with Italy's Eni worth $2 billion
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 […]
Egypt extends Mediterranean gas exploration tender by 2 months, adds four new blocks
Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said, as the country seeks to boost domestic energy production. The bidding period now runs to July 30 and will include 12 offshore concessions instead of eight, the […]
Delek Group announces signing of gas sale deal by Tamar Partners to Egyptian Group
Delek Group announced the agreement signed by the Tamar Project partners, including the Partnerships (Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership), and Dolphinus Holdings Limited for the export of natural gas from the Tamar Project to Egypt. Further to the Partnerships’ Immediate Report of October 19, 2014 regarding the letter of intent […]
Eni signs a $5 billion framework agreement for the development of Egypt's oil and gas resources
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 […]
BP Finalizes Deal to Develop Egypt’s West Nile Delta Gas Fields
BP announces the signing of the West Nile Delta project to develop 5 tcf of gas resources and 55 mmbbls of condensates. BP announced that it has signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resources and 55 million barrels (mmbbls) of condensates with […]
