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Tag: Red Sea
Mubadala

Mubadala joining Shell in Egypt’s Red Sea Block 4 exploration

Posted: January 23, 2021 at 8:19 pm   /   Oil & Gas

Egypt’s Minister of Petroleum and Mineral Resources has signed a concession agreement with Mubadala Petroleum for oil and gas exploration activities in Red Sea block 4. The 3,084-sq km (1,191-sq mi) concession, owned by the South Valley Egyptian Petroleum Holding Company (Ganope), was awarded under Egypt’s 2019 Red Sea Licensing Round. Block 4 is in […]

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Red Sea

Shell Egypt signs exploration agreement for offshore Red Sea Block 4

Posted: January 21, 2021 at 2:44 pm   /   Oil & Gas

Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, signed a new agreement with Shell Egypt to exploration for oil and gas in concession area (4), in the deep waters of the Red Sea, affiliated to Ganoub El Wadi Petroleum Holding Company (Ganope) with an estimated area of 3084 square kilometers. The share of […]

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Shell Khaled Kassem

Shell Egypt signs two PSC agreements for Red Sea, West Mediterranean Blocks

Posted: January 4, 2021 at 1:18 pm   /   Oil & Gas

Dutch Shell has signed two production-sharing contracts (PSC) with the Ministry of Petroleum and Mineral Resources in the marine concession areas and deep water in the Red Sea region (Block 3) with an area of 3097 square kilometers, and in the Western Mediterranean region a 30% share of the exploration sector north of Ras Kanayis, […]

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offshore

Egypt signs Oil & Gas Exploration Agreements worth $1 billion

Posted: January 3, 2021 at 12:55 pm   /   Oil & Gas

Egypt said it signed new agreements involving investment of about $1 billion to search for oil and natural gas in parts of the Mediterranean and Red Sea. The deals are with six international and local companies including Exxon Mobil Corp. and Chevron Corp., the state-run Middle East News Agency reported Friday, citing a statement from […]

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egypt-parliament

Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements

Posted: July 7, 2020 at 8:11 pm   /   Oil & Gas

The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]

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Cabinet

Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion

Posted: June 22, 2020 at 1:03 pm   /   Oil & Gas

Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]

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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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