PGS gathering seismic data for Egypt’s West Mediterranean Bid Round in 2019
PGS to gather seismic data for Egyptian frontier licensing round. Oslo-listed player to acquire 2D and 3D data in West Mediterranean ahead of licensing exercise. Oslo-listed Petroleum Geo-Services (PGS) is set to acquire further seismic data off Egypt’s Western Desert this year in preparation for a planned West Mediterranean frontier licensing round. According to geophysician […]
EGAS to issue new oil & gas exploration tenders in 2018
EGAS plans to issue new oil and gas exploration tenders in 2018, an unnamed company official tells Al Shorouk. It was reported last month that EGAS was planning to issue global tenders for the West Mediterranean concession once Norwegian firm PGS releases the results of its seismic survey for the area before the end of […]
Petroleum Ministry announces production timetable for key concessions including Zohr
Egypt’s supergiant gas field Zohr will be producing 500 million cubic feet (mmcf) a day by the end of 2017, Prime Minister Sherif Ismail said on Saturday, according to ETEnergyworld. Separately, Oil Minister Tarek El Molla also said that the North Alexandria concession will begin producing between 500 and 700 mmcf of gas per day […]
Ganope negotiating with five companies to collect geophysical data worth $1bn
The list of companies in negotiations includes PGS, CGG, KGS, Schlumberger, and Nageco. Ganoub El-Wadi Petroleum Holding Company (Ganope) is negotiating with five companies on collecting geophysical data in open areas in the company’s business scope at a value of $1bn. Osama Farouk, vice chairperson for agreements and exploration at Ganope, said that the value […]
Post-Zohr reforms to boost appeal
With first production from Eni’s giant discovery likely to be less than a year away and other finds on the path to development, the country is taking the chance to revamp and streamline the bidding process. Egypt’s upstream sector was given a much-needed boost when Italian operator Eni discovered the giant Zohr field in the […]
El Molla dismisses talk of Egypt bid round in 2017
Some surprise at delay given popularity following giant Zohr discovery. Egypt Oil Minister Tarek El Molla said this week that state-owned Egyptian Natural Gas Holding Company (EGAS) will not launch a fresh licensing round in the Mediterranean Sea until next year at the earliest. “I’ve told them no, not until we deal with and finalise […]
PGS confirms signing significant multi-client deal for Egypt
PGS confirmed that a multi-client agreement covering Egypt’s Western Mediterranean Sea was signed Wednesday 24 June 2015 by Egyptian Natural Gas Holding Company (EGAS) and PGS. Following a competitive tendering process, PGS has been selected by Egyptian Natural Gas Holding Company (EGAS) to supply services related to the largest seismic oil and gas exploration project […]
