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Tag: North Port Fouad

Edison delays deep-water drilling campaign in Egypt as it seeks partner

Posted: September 20, 2017 at 1:08 pm   /   Oil & Gas

Edison stalls on Egypt deep-water wells: Italian operator delays drilling of probes on two separate blocks where it has been hunting a partner. Italy’s Edison has put off a deep-water drilling campaign off Egypt by about a year. The company was planning to drill two wells on its wholly-owned North Thekah and North Port Fouad […]

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Edison's Executive VP: Egypt has 16th largest gas reserves

Posted: May 10, 2016 at 7:03 pm   /   Oil & Gas

Egypt has the potential to become a regional center in the Mediterranean due to its strategic location, infrastructure and qualified ports for the export and import of oil and gas”, says Nicola Monti, Executive Vice President – Exploration & Production, Edison. Egypt has the 16th largest gas reserves and is the 15th largest producer of […]

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Petroceltic completes sale of Egyptian exploration interests to Edison

Posted: February 18, 2016 at 2:38 pm   /   Oil & Gas

Petroceltic International  plc, the oil and gas exploration, development and production company with licences in North Africa, the Mediterranean and Black Sea regions, today announces the completion of the  sale of  certain exploration licences in Egypt to its joint venture partner Edison International S.p.A. On 23 December, the Company announced that it had reached an […]

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Petroceltic to sell stakes in North Thekah, North Port Fouad & South Idku to Edison

Posted: December 25, 2015 at 6:07 pm   /   Oil & Gas

The Board of Petroceltic International plc, the oil and gas exploration, development and production company focused on the North Africa and the Mediterranean region, provided an operating and financial update, and announces that it has initiated a formal strategic review of the Company’s business and assets with a view to considering all options to maximise […]

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Petroceltic set to drill close to Eni's Zohr discovery

Posted: September 22, 2015 at 2:40 pm   /   Oil & Gas

Irish exploration firm, Petroceltic is expected to begin drilling next year at one of its prospects located close to the recent giant Zohr gas discovery by Eni off the coast of Egypt. The find has also widened interest in Petroceltic, which holds two licences, one awarded in 2013 and the other late last year, around […]

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