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Tag: Red Sea
ganope

Ganope to start natural gas exploration plan in Upper Egypt next month

Posted: February 25, 2020 at 7:31 pm   /   Oil & Gas

Ganope to kick off plan to explore for natgas in Upper Egypt next month: State-owned South Valley Egyptian Petroleum Holding Company (Ganope) will begin next month conducting seismic scans in Upper Egypt, where it plans to explore for natural gas, according to an Oil Ministry statement. Ganope will also soon begin the second round of […]

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Offshore-oil-rig

Egypt’s offshore oil & gas segment poised for growth – O&G Middle East

Posted: February 15, 2020 at 2:16 pm   /   Oil & Gas

After Egypt’s Red Sea exploration bidding round, the country’s offshore segment is ready to boom. At the close of Egypt’s Red Sea bidding round, it is clear that international oil companies see opportunity in the country, and its growth is just beginning to swell. Egypt awarded Shell, Mubadala, and Chevron exploration rights in the Red […]

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Red Sea Bid Round Result

Egypt announces Red Sea Offshore Bid Round result, awards 3 blocks

Posted: December 29, 2019 at 7:55 pm   /   Oil & Gas

Egypt’s Minister of Petroleum and Mineral Resources Tarek al-Molla announced on Sunday the results of the first international bid round for oil and gas exploration in the Red Sea, put up for bidding by the South Valley Egyptian Holding Company for Petroleum (Ganope) last March. The American Chevron Corporation won block one, while the Dutch […]

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Red Sea

Red Sea Bid Round results to be announced this month – El Molla

Posted: December 5, 2019 at 2:11 pm   /   Oil & Gas

The Oil Ministry will announce the winners of the Red Sea exploration and production bid round this month, Minister Tarek El Molla told Youm7. The tender comprises 10 oil and gas exploration blocks, and was launched by the South Valley Egyptian Petroleum Holding Company (Ganope) back in March. (Source: Enterprise.press)

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Red Sea

Egypt’s Offshore Red Sea Oil & Gas exploration Bid Round closes today

Posted: September 15, 2019 at 1:57 pm   /   Oil & Gas

The Red Sea oil and gas exploration tender ends today, with bids from major oil producers expected to be announced later. Shell, ExxonMobil, Statoil, Dragon Oil, Russian Rosneft and Total have all reportedly bidding for 10 oil and gas exploration blocks off the Red Sea coast under a new production sharing contract, which were tendered […]

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Red Sea

TGS, Schlumberger announce new Red Sea 3D Seismic Multi-Client Reimaging Project

Posted: September 6, 2019 at 3:16 pm   /   Oil & Gas

TGS and Schlumberger today announced a new 3D seismic reimaging project in the Egyptian Red Sea. The project will comprise reimaging data from three overlapping seismic surveys totaling 3,600 km² that was acquired between 1999 and 2008 – the only available 3D data in this part of the Red Sea. It includes the integration of […]

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Pyramids

Egypt reportedly considering new LNG facility in Sinai for Asian exports

Posted: July 29, 2019 at 3:33 pm   /   Oil & Gas

Egyptian and Israeli authorities are reportedly considering building a USD 15 bn natural gas liquefaction facility on the Red Sea coast in Sinai to drive liquefied natural gas (LNG) exports into Asia from both countries, sources told Israeli business news publication Globes. The facility would eliminate the need for LNG vessels taking off from either […]

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Red Sea

TGS provides update on Egypt’s Offshore Red Sea 3D Seismic Survey

Posted: July 26, 2019 at 11:58 pm   /   Oil & Gas

TGS progressing multiple 3D basin-wide surveys: TGS has provided updates on its current offshore geoscience campaigns. During 2Q, the company continued its SeaSeep project in the MSGBC basin off northwest Africa. This will cover around 113,500 sq km (43,822 sq mi) and will incorporate around 230 cores from the seabed, located based on multi-beam backscatter […]

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Red Sea

Egypt extends deadline for Red Sea Offshore Bid Round to September

Posted: July 22, 2019 at 3:07 pm   /   Oil & Gas

The South Valley Egyptian Petroleum Holding Company (Ganope) announced the extension of the closing date of its Offshore Red Sea Oil & Gas Exploration Bid Round till mid-September. The Offshore Red Sea Bid Round (O.R.S.B.R 2019) includes ten (10) Exploration Blocks in the Economic Water of the Red Sea as shown in the map. The […]

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KS

KS Drilling lands $2.5 million contract in Egypt for KS Medstar-1 jack-up rig

Posted: June 30, 2019 at 1:44 am   /   Oil & Gas

Singapore-listed drilling company KS Drilling has managed to find work for its KS Medstar-1 offshore drilling rig in Egypt. The jack-up drilling rig, built in 1980 and upgraded in 2011, will begin work in the third quarter of 2019, an will earn $2.5 million in total. KS Drilling did not say who the client was. […]

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