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Tag: Onshore
Pharos Energy

Pharos Energy to farm out interest in El Fayum, North Beni Suef Concessions to IPR

Posted: September 15, 2021 at 12:05 pm   /   Oil & Gas

Pharos Energy has announced that the Pharos Group has entered into conditional agreements for the farm-out and sale of a 55% working interest and operatorship in each of the Egyptian El Fayum and North Beni Suef Concessions to IPR Lake Qarun Petroleum, a wholly owned subsidiary of IPR Energy. The consideration implies a gross (100%) value of up to US$115 million for the Assets and consists […]

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Cairn Energy

Cairn expects to finalize Shell Egypt onshore assets acquisition by end of month

Posted: September 8, 2021 at 1:45 pm   /   Oil & Gas

Cairn, Cheiron could replace Shell in the Western Desert before the month is out: Cairn Energy and partner Cheiron expect to finalize its takeover of Shell Egypt’s onshore oil and gas assets by the end of September, Cairn said yesterday. The joint acquisition, which will see the assets split 50-50 between the UK-listed company and leading Egyptian […]

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SDX

SDX Energy starts drilling campaign in South Disouq with spudding of IY-2 well

Posted: June 29, 2021 at 2:18 pm   /   Oil & Gas

AIM-listed SDX Energy, the MENA-focused energy company, has announced the commencement of the South Disouq drilling campaign, which will comprise two wells over the next few months. Mark Reid, CEO of SDX, commented: ‘After our previous highly successful campaigns at South Disouq where we have achieved five discoveries from seven wells drilled, I am excited […]

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Eni

Eni merges two Western Desert concessions into new Merged Meleiha concession

Posted: June 16, 2021 at 12:47 pm   /   Oil & Gas

Eni signs for the merging of Meleiha and Meleiha Deep concessions into a new concession called Merged Meleiha in Western Desert Egypt: The agreement will unlock considerable resources while will allow to further exploit region’s gas reserves, strengthening Eni’s role as the largest gas producer in Egypt. Eni has signed an agreement with the Arab […]

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Dana Gas

Sale talks over Dana Gas’ Egypt assets to IPR Wastani break down

Posted: April 26, 2021 at 11:35 am   /   Oil & Gas

UAE’s Dana Gas walks back on plans to offload Egypt assets: Abu Dhabi-listed energy producer Dana Gas has canceled plans to sell its Egypt-based onshore oil and gas assets after failing to reach an agreement on certain conditions with would-be buyer IPR Wastani Petroleum, Dana said in a statement. Dana and Wastani, which had both […]

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Wintershall Dea East Damanhour

Wintershall Dea signs joint exploration agreement with Cheiron, INA for East Damanhour, Egypt

Posted: March 9, 2021 at 2:29 pm   /   Oil & Gas

Wintershall Dea signs agreement with Cheiron and INA for joint exploration rights at East Damanhour, Egypt The Egyptian Minister of Petroleum and Mineral Resources, H.E. Eng. Tarek El Molla, has approved a deed of assignment agreement signed between Wintershall Dea, Cheiron and INA to jointly explore the East Damanhour onshore Exploration block in Egypt. The […]

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Shell WD Assets

Shell agrees to sell Egypt onshore assets to Cheiron, Cairn for $926m

Posted: March 9, 2021 at 11:51 am   /   Oil & Gas

Shell Egypt RDSa.L has entered into an agreement to sell upstream assets in Egypt’s Western Desert to Cheiron Petroleum Corporation and Cairn Energy Plc for up to $926 million, the company said on Tuesday. The deal includes Shell Egypt’s stake in 13 onshore concessions and its share in the Badr El-Din Petroleum Company (BAPETCO). It […]

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abusennan

Kuwait Energy Egypt completes Abu Sennan ASH-3 development well

Posted: February 15, 2021 at 11:14 pm   /   Oil & Gas

Kuwait Energy Egypt finished drilling the ASH-3 development well in ASH field in the Abu Sennan concession, onshore Egypt, said partner United Oil & Gas PLC in a Feb. 15 release. ASH-3 spudded on Jan. 4 and reached 4,087 m MD TD (3,918m TVDSS) on Feb. 8, 5 days ahead of schedule and under budget. […]

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Dana Gas

Dana Gas says Egypt asset sale didn’t do its earnings any favors

Posted: February 15, 2021 at 11:11 pm   /   Oil & Gas

Dana Gas points to Egypt asset sale for its 2020 losses: Abu Dhabi-listed energy producer Dana Gas reported a net loss of USD 376 mn in 2020, compared to a net profit of USD 157 mn the year before, according to an earnings release. The Emirati firm attributed the bulk of the losses to Egypt, […]

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Tarek El Molla

Egypt poised to launch new Oil & Gas Licensing Round – Upstream Online

Posted: February 10, 2021 at 2:25 pm   /   Oil & Gas

Offshore and onshore acreage set to go up for grabs in latest bid exercise: Egypt is expected to soon launch a new exploration bid round, offering additional onshore and offshore oil and gas tracts across the country. (Source: Upstream Online)

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