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Tag: Onshore
Eni

Eni awarded five Exploration Licenses in Egypt 2021 Bid Round

Posted: January 15, 2022 at 9:21 pm   /   Oil & Gas

The licenses are located in the Eastern Mediterranean Sea, Western Desert and Gulf of Suez Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum. The licenses, four of which as Operator, are in the Egyptian offshore and onshore, and follow the successful participation to the 2021 competitive “Egypt International Bid […]

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Bid Round Result

Egypt announces Results of 2021 International Digital O&G Bid Round: Seven companies awarded eight concessions

Posted: January 3, 2022 at 8:31 pm   /   Oil & Gas

Seven international companies were awarded exploration and production licenses for eight oil and gas concessions in the Mediterranean, the Western desert, and the Gulf of Suez, with a minimum investment value of c.USD 250 mn, the Oil Ministry said today. The licenses were awarded to Eni, BP, Apex International, Energean, United Energy, INA Naftaplin, and […]

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Pharos Energy

Pharos Energy announces restart of El Fayum development drilling

Posted: November 25, 2021 at 12:20 pm   /   Oil & Gas

Pharos Energy has announced a return to drilling in its El Fayum Concession in Egypt, with the commencement of an interim three-well development programme. Ed Story, President and Chief Executive Officer, commented: ‘I am pleased to announce that, after a significant period of restricted activity in Egypt, we have recommenced development drilling operations in El Fayum. This three-well infill […]

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Shell

Shell Egypt completes sale of Western Desert assets to Cheiron Petroleum, Cairn Energy

Posted: September 24, 2021 at 2:15 pm   /   Oil & Gas

Shell Egypt and Shell Austria, subsidiaries of Royal Dutch Shell, have completed the sale of their upstream assets in Egypt’s Western Desert to a consortium made up of subsidiaries of Cheiron Petroleum Corp and Cairn Energy for a base consideration of US$ 646 million and additional payments of up to US$ 280 million between 2021 and 2024, contingent on the oil price and the […]

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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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