Shell Egypt signs two PSC agreements for Red Sea, West Mediterranean Blocks
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, […]
Egypt signs Oil & Gas Exploration Agreements worth $1 billion
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 […]
Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements
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 […]
Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion
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 […]
Ganope to start natural gas exploration plan in Upper Egypt next month
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 […]
Egypt’s offshore oil & gas segment poised for growth – O&G Middle East
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 […]
Egypt announces Red Sea Offshore Bid Round result, awards 3 blocks
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 […]
Red Sea Bid Round results to be announced this month – El Molla
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)
Egypt’s Offshore Red Sea Oil & Gas exploration Bid Round closes today
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 […]
TGS, Schlumberger announce new Red Sea 3D Seismic Multi-Client Reimaging Project
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 […]
