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Tag: PICO

Fugro survey vessel joins fleet to begin Zohr field work

Posted: November 14, 2017 at 3:29 pm   /   Oil & Gas

Fugro’s newly named MV Kobi Ruegg has joined the company’s vessel fleet and is set to begin her first project in the Egyptian sector of the Mediterranean Sea. Working on behalf of Saipem, Fugro will deploy its large diameter piston core system to collect soil samples in the Zohr gas field; geophysical surveys for Pico […]

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German DEA, Egyptian Cheiron to partner with Pemex, become operators in Mexico

Posted: October 7, 2017 at 7:42 pm   /   Oil & Gas

Deutsche Erdoel AG (DEA) of Germany has acquired a 50% license share and operatorship of onshore Ogarrio oil field in southern Mexico’s Tabasco state 197 km west of Villahermosa. The share was offered in the latest farmout auction of the National Hydrocarbons Commission. Petroleos Mexicanos (Pemex) will be the partner, holding the other 50%. Separately, […]

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Aquaterraea Swift

Aquaterra, PICO deliver new platform for Amal field offshore Egypt

Posted: June 5, 2017 at 10:07 pm   /   Oil & Gas

Aquaterra Energy has supplied and installed a new Sea Swift platform at the Amal field in the Gulf of Suez offshore Egypt. The client was PICO Petroleum Integrated Services, lead contractor for Amal Petroleum Co.’s (AMAPETCO) Amal field development. The Sea Swift is a conductor supported platform (CSP) installed in 23 m (75 ft) of […]

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North Bahariya

PICO Cheiron announces acquisition of Sahara North Bahariya

Posted: May 10, 2017 at 3:20 pm   /   Oil & Gas

PICO Cheiron Group announced that it has completed the corporate acquisition of Sahara North Bahariya, giving the Group ownership of a 50% Working Interest and Operatorship of the North Bahariya concession in the Western Desert. The North Bahariya concession covers an area of around 177 square kilometers and contains six oil fields, namely Abrar, Ferdaus, […]

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PICO’s Cheiron Egypt acquires 100% of Engie’s West El Burullus gas concession

Posted: May 9, 2017 at 1:26 pm   /   Oil & Gas

PICO Group subsidiary Cheiron Egypt has acquired 100% of West El Burullus (WEB) gas concession from Engie in a transaction announced yesterday. WEB is located in shallow offshore Mediterranean waters with recoverable reserves of c.200 bcf gas and 3 mn bbl of condensates. BNP Paribas, financial advisor on the transaction, said in an emailed statement […]

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EGPC grants SDX Energy, PICO preliminary approval to extend drilling in South Ramadan concession

Posted: November 1, 2016 at 1:37 pm   /   Oil & Gas

EGPC gave SDX Energy and PICO Petroleum preliminary approvals to extend drilling operations at the South Ramadan concession, SDX Energy’s country director Ahmed Moaz told Al Mal. The preliminary agreement does not specify a date for the extension and includes the operators spending USD 23 mn in the project. Moaz says the operators have not […]

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BP targets increasing Atoll field production to 300mcf/d

Posted: August 10, 2016 at 3:06 pm   /   Oil & Gas

The Egyptian Minister of Petroleum, Tarek El Molla stated to Al-Borsa News that BP eyes boosting Atoll field production from the current 200mcf/d to 300mcf/d of gas by December 2018. BP has invested $3.8b in the development of the field, with $1b earmarked for the early production phase. In addition, the minister noted that PICO […]

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Petroleum marine services provider PMS wins four bids in Egypt

Posted: March 14, 2016 at 1:28 pm   /   Oil & Gas

Egypt-based Petroleum Marine Services Company (PMS) won executing four large projects including the expansion project of the third basin in Ain Sukhna port for Armed Forces Engineering Authority. Chairman El-Sayed El-Badawi stated Sunday that PMS is to execute the developmental project of platform Amal C for PICO International Petroleum (PIP), Egypt’s largest private sector oil […]

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