Egypt to tender 10 or 11 Mediterranean concessions for oil and gas exploration
Egypt will auction 10 or 11 oil and gas exploration blocks in the Mediterranean, petroleum minister Tarek El Molla said on Tuesday. Egypt also aims to auction oil and gas drilling in the Red Sea by the end of 2018, Molla told a news conference. Egypt plans to speed up production from recently discovered fields, […]
Shell planning for new deepwater drilling offshore Egypt
As Shell steps up operations in Egypt, it is now also planning new deep-water exploration. Shell is ramping up in Egypt: Royal Dutch Shell PLC is planning new drilling in the deep-water offshore Egypt, as the oil major expands its operations in the country. The deep-water drill plans were revealed at a news conference, and, […]
Eni's IEOC to raise production from Egypt's Zohr gas field to 1.2 bcf/d
Eni subsidiary IEOC aims to increase gas production from Egypt’s Zohr field to 1.2 billion cubic feet per day (bcf/d) in May, and lift it to 2 bcf/d by the end of 2018, IEOC general manager Fabio Cavanna said on Tuesday. Discovered in 2015 by Eni, the field contains an estimated 30 trillion cubic feet […]
Acta Marine supports Egypt's Zohr pipe lay ops with DP Multicats
Acta Marine’s DP Multicats have been called up for duties on the Zohr natural gas project in Egyptian waters for the second year running. The ultra-shallow draft vessels, Coastal Discovery and Coastal Challenger, will be supporting shore-end pipe lay installation activities. “We have four pipe pulling operations planned for the coming months – all taking […]
Zohr: Egypt’s megaproject holds a lot of promise
Offshore Technology Focus: Zohr gas field – Egypt’s megaproject holds a lot of promise. Eni’s Zohr natural gas field began production at the end of 2017, taking advantage of a huge reserve in the Mediterranean Sea. Molly Lempriere asks, could this supergiant turn things around for Egypt’s struggling gas sector and bring the country closer […]
EGAS to launch bid round for gas exploration in 9 areas in Q2 2018
The company obtained security approvals for the bidding process, and will include six marine and three land areas. The Egyptian Natural Gas Holding Company (EGAS) intends to put forward bids for nine natural gas land and offshore exploration concession areas in the second quarter (Q2) of this year, according to an official source at the […]
Production from Zohr gas field to reach 1.8 bcf/d in September
Egypt plans to boost production from its giant offshore Zohr gas field to 700 million cubic feet a day (cfd) in May and to 1.8 billion cfd in September, an official source in the petroleum sector said Sunday. He said that pre-operation tests have been initiated for the field’s first and second production lines and […]
SDX Energy seeks rig for development drilling at South Ramadan
SDX Energy has issued an update on operations at the South Ramadan concession in the Gulf of Suez offshore Egypt. The partners have completed the final sub-surface technical work in connection with an evaluation of development options. They have opted to drill a development well up-dip of one of the previous producing wells on the […]
Petrobel begins tests on Zohr second production line
Eni JV Belayim Petroleum Company (Petrobel) has begun carrying out tests ahead of operating the second production line connecting the Zohr offshore gas field, company President Atef Hassan said yesterday, Al Shorouk reports. Hassan did not announce when the company will begin operating the second line. (Source: Enterprise.press)
ADES gets $450 million syndicated loan for further acquisitions
Egypt’s offshore driller ADES has signed a US$450 million syndicated credit facility to support its recently announced plans to pursue further acquisitions. In addition to funding potential acquisitions, the loan will also be used to refinance the company’s existing debt and to finance anticipated future working capital. The loan comprises three separate tranches, all of […]