Egypt to open new exploration areas for oil & gas in the Red Sea
Egyptian Petroleum Minister Tarek El Molla said on Thursday that new areas in the Red Sea will be open for bidding for exploration as part of Egypt’s effort to expand oil and gas production. El Molla did not disclose the exact date for the bidding. He told a news conference that the bidding comes after […]
WesternGeco, TGS win $720m geophysical data contract for Ganope areas in Egypt
Contract will be signed in two weeks for land areas in Western Desert and Red Sea. WesternGeco Schlumberger and TGS have won contract for the collection of geophysical data in open land areas of Ganoub El-Wadi Petroleum Holding Company (Ganope) in the Western Desert and Red Sea. The two companies will collect the geophysical data […]
El Molla: Five IOC's are carrying out $750 million Seismic Survey of Red Sea
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Ganoub El Wadi Petroleum Holding Company (GANOPE) had agreed with five International Oil Companies (IOC’s) six months ago to conduct a $750m seismic survey in the Red Sea to prepare reports on the reserves of oil and gas in the territorial waters after […]
The Red Sea – The Middle East’s Untapped Oil, Gas Region (E&P Mag)
The Red Sea remains underexplored but one of the world’s most intriguing areas for hydrocarbon exploration compared to the Arabian Gulf, home to Saudi Arabia’s Safaniya and Qatar and Iran’s joint gas field North Field and South Pars. A key difference between the Gulf and the Red Sea is water depth. The Arabian Gulf is […]
Singapore’s Vallianz scores new OSV charter contracts in Egypt
• Group enters new markets with its first contract wins in Egypt and Turkmenistan. • Group to supply two maintenance and accommodation OSVs to a NOC in the Middle East for up to seven years from 2018. • Lift order book to US$1.03 billion, comprising long term contracts stretching up to year 2025. Vallianz Holdings […]
Petroleum Ministry calls on international companies for seismic mapping of Red Sea
The Petroleum Ministry will ask international firms to start seismic mapping of the Red Sea area to increase the attractiveness of investments in the region, Chairman of Ganope, Ganoub El Wadi Petroleum Holding Company, Sherif Sousa told Al Masry Al Youm. Under Egypt’s new system for issuing E&P tenders that target “technologically advanced” companies, Egypt […]
Video: Black Gold in the Red Sea (Eni)
The 1962 film, directed by Vittorio Gallo, offers an overview of the activities of COPE, Compagnie orientale des petrole d’Egypte, that highlights the “Mattei Formula”, the integration of Italian and Egyptian technicians and workers, respect for the Muslim faith (the construction of a small mosque at the oil field). An Arabic-language version of the documentary […]
