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Tag: North Sinai
Drilling Rig

Tharwa Petroleum prepares to drill in North Sinai’s Noor offshore concession

Posted: May 25, 2018 at 2:23 pm   /   Oil & Gas

Tharwa Petroleum is waiting for final gas exploration approvals to begin drilling in the Noor concession in North Sinai, a company source says. The number of wells to be drilled will be determined once the contracts are signed, they added. The Cabinet had approved earlier this month a USD 105 million exploration agreement with Eni […]

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Egypt approves offshore North Sinai exploration deal with Eni, Tharwa

Posted: May 10, 2018 at 12:09 pm   /   Oil & Gas

Egypt has approved an exploration agreement with Italy’s Eni and the Egyptian Tharwa company to search for oil and gas in the Mediterranean off the coast of northern Sinai, the Egyptian oil minister said on Wednesday. Under the deal, Eni and Tharwa will spend $105 million in two stages over six years, which involve drilling […]

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EKH subsidiary raises stake in North Sinai offshore concession

Posted: February 21, 2018 at 10:26 pm   /   Oil & Gas

EKH’s unit raises stake in NSCO Investments. Egypt Kuwait Holding (EKH) on Tuesday said that one of its subsidiaries has increased its stake in NSCO Investments Limited, which owns an offshore gas field in Northern Sinai. EKH’s unit has raised its stake to 99.997% from 40% by the subscription in capital increase of $20 million, […]

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EGAS to tender up to nine new Mediterranean concessions, reprice North Sinai gas

Posted: August 17, 2016 at 7:00 pm   /   Oil & Gas

EGAS will issue tenders for oil and gas exploration and production in eight or nine concession in the Mediterranean by the end of the year, Oil Minister Tarek El Molla told Al Borsa, bringing the total number of concessions during the year to 30. The new tender is set to be issued once EGPC and […]

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