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Tag: Northeast Hapy
Edison

Edison says it has not given up exploration rights in Egypt

Posted: December 20, 2018 at 1:28 pm   /   Oil & Gas

Italy’s Edison says it has not given up oil and gas exploration rights in Egypt: Edison, the Italian oil company that is part of France’s EDF, has denied reports in the domestic press (as noted yesterday) that it has forfeited its right to explore for natural gas in the northeastern Hapi and Theqa concessions. “Edison […]

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Edison

Edison relinquishes its gas exploration rights in two Mediterranean concessions

Posted: December 19, 2018 at 1:57 pm   /   Oil & Gas

Italy’s Edison has forfeited its natural gas exploration rights in North East concessions Hapi and Theqa, local news reported. A new international tender for the concessions will be launched next year, an Oil Ministry source said, without specifying a time frame. Edison signed a USD 86 mn agreement with EGAS in January 2017 for E&P […]

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Edison

Edison to drill at its Mediterranean concessions in 2H2019

Posted: July 29, 2018 at 12:39 pm   /   Oil & Gas

Edison to begin drilling exploratory wells in Mediterranean concessions in 2H2019 Italy’s Edison will begin drilling exploratory wells at its North East Hapy and Thekah concessions in 2H2019, Oil Minister Tarek El Molla said. The company’s studies of the concessions show geological structures that indicate there is a “good chance” the areas hold natural gas […]

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Edison seeking partner to drill at North East Hapy offshore concession

Posted: June 12, 2017 at 6:02 pm   /   Oil & Gas

Italy’s Edison is looking for a partner to begin drilling the first deepwater well at its North East Hapy offshore concession. Drilling costs could surpass USD 100 mn, an unnamed EGAS source tells Al Shorouk. Edison had signed an USD 86 mn agreement with EGAS in January for E&P operations and drilling two new wells […]

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Italy's Edison signs agreement for North East Hapy offshore block with $86m investment

Posted: January 6, 2017 at 12:03 pm   /   Oil & Gas

Egyptian Natural Gas Holding Company (EGAS) signed a new oil agreement with Italy’s Edison to explore and produce oil and natural gas in North East Hapy area in the Mediterranean Sea. The investments of the agreement are estimated at more than US$86 million and a signature bonus of US$1.5 million , to drill two exploration […]

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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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Results of EGAS Mediterranean Bid Round announced, awards four offshore exploration licenses

Posted: October 6, 2015 at 9:06 pm   /   Oil & Gas

Egypt has awarded four new licences to explore for oil and gas off its Mediterranean coast, weeks after Eni’s giant Zohr gas find piqued fresh international interest in the area. Egypt’s state gas company EGAS said in a statement it had awarded one licence to Britain’s BP and one to Italy’s Edison. A consortium involving […]

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