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Tag: Rockhopper Exploration

Rockhopper Exploration to launch Egypt program

Posted: February 8, 2017 at 7:18 pm   /   Oil & Gas

Rockhopper Exploration PLC on Tuesday said it will complete planned drilling work in Egypt before deciding what further work will be undertaken later on this year. Rockhopper holds a 22% interest in the Abu Sennan concession in Egypt, where one exploration well and one development well will be drilled in the first half of 2017, […]

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Kuwait Energy farms-out 25% of its interest in Abu Sennan concession to newcomer Global Connect

Posted: January 18, 2017 at 4:44 pm   /   Oil & Gas

Kuwait Energy plc is pleased to announce the signing of a Farm-Out Agreement (FOA) for 25% participating interest in the Abu Sennan concession from its share, to Global Connect Limited; a recently established E&P Company with a focus on MENA region. The FOA was signed in Egypt on Thursday 15 December 2016 and it is […]

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Rockhopper Exploration provides corporate update

Posted: December 20, 2016 at 2:15 pm   /   Oil & Gas

AIM-listed Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided the following corporate update. Highlights: Economic production* from Egypt and Italy for the year ended 31 December 2016 expected to average approximately 1,350 boepd net to Rockhopper. Group economic production: Following completion […]

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Egypt's oil and gas sector rallies

Posted: October 9, 2016 at 7:33 pm   /   Oil & Gas

In late August Shell announced that it had discovered 142bn cu metres of natural gas at its Alam El Shawish concession in Egypt’s Western Desert, with the possibility of more reserves to be recovered, representing one of the largest finds in the region in recent years. This follows another discovery by the Egyptian General Petroleum […]

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Kuwait Energy starts production from Egypt's Al-Jahra SE-1X oil well

Posted: September 7, 2016 at 11:54 am   /   Oil & Gas

Kuwait Energy plc (Kuwait Energy) announced on Monday the commencement of production from the Al-Jahra SE-1X exploration well in the Abu Sennan concession located in Egypt’s Western Desert. After discovery of the well on 27 July 2016, Kuwait Energy obtained the development lease from the Egyptian Petroleum Corporation (EGPC) for Al-Jahra SE-1X on 24 August […]

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Rockhopper completes acquisition of Beach's production and exploration assets in Egypt

Posted: August 16, 2016 at 9:13 pm   /   Oil & Gas

AIM-listed Rockhopper Exploration has completed the acquisition of Beach Petroleum (Egypt) announced on 18 April 2016. Beach Egypt holds a 22% interest in the Abu Sennan concession and a 25% interest in the El Qa’a Plain concession. Highlights • Cash consideration for the Acquisition of US$11.9 million based on a cash effective date of 1 […]

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Five IOCs interested in acquiring Circle Oil's investments in Egypt

Posted: July 24, 2016 at 1:56 pm   /   Oil & Gas

Companies including BP, Kuwait Energy, and Rockhopper are vying to acquire Circle Oil’s NW Gemsa stake. Circle Oil is looking to sell its 40% stake of Petro Amir’s concession in the Gulf of Suez, Al Mal reported. A source told Al Mal Circle Oil is owed USD 10-12 mn from EGPC, which it recently called […]

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Rockhopper Exploration acquires non-operated production and exploration assets in Egypt from Beach Energy

Posted: April 18, 2016 at 8:20 pm   /   Oil & Gas

Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce amended terms for the acquisition of a portfolio of non-operated production and exploration interests in Egypt from Beach Energy Limited. The Company originally announced that it had agreed […]

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Beach Energy's sale of Egypt's Abu Sennan interest to Rockhopper pre-empted

Posted: September 28, 2015 at 7:11 pm   /   Oil & Gas

As announced on 10 August 2015, Beach Energy entered into an agreement with Rockhopper Exploration in relation to the sale of its wholly-owned subsidiary, Beach Petroleum (Egypt), whose core asset is a 22% interest in the Abu Sennan Concession in Egypt. Completion was subject to satisfaction of certain conditions precedent, including waiver or non-exercise of […]

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Rockhopper Exploration acquires Beach Petroleum Egypt in $22 million deal

Posted: August 10, 2015 at 10:01 pm   /   Oil & Gas

Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean and North Africa region, announced the acquisition of a portfolio of non-operated production and exploration interests in Egypt from Beach Energy Limited for a headline consideration of US$22.0 million. Highlights: Rockhopper to acquire […]

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