Newsletter subscribe
Tag: Seismic
Red Sea

August cut-off point for Egypt’s Red Sea Offshore Bid Round

Posted: May 11, 2019 at 10:31 pm   /   Oil & Gas

Egypt’s Ministry of Petroleum and Mineral Resources is offering 10 exploration blocks in the Red Sea close to established hydrocarbon production. Closing date for submission of bids is Aug. 1. TGS is supporting the licensing round by making available the following data: 10,318 km (6,411 mi) of Red Sea ’18 (RS18) 2D long-offset broadband seismic, PSTM/PSDM) >16,500 […]

No Comments read more
TGS

TGS acquires Spectrum to create leading multi-client geophysical data provider

Posted: May 4, 2019 at 11:09 am   /   Oil & Gas

Creating a leading multi-client geophysical data provider in all major mature and frontier basins world-wide Transaction establishes fourth main revenue generating hub and fits well with strategic ambition of growing exposure towards South Atlantic Spectrum owns the world’s largest 2D library, which combined with TGS’s financial robustness facilitate for acceleration of 3D investment plans Scale […]

No Comments read more
Polarcus

Marine seismic players optimistic as exploration budgets ‘likely to increase’

Posted: November 3, 2018 at 1:37 pm   /   Oil & Gas

Oslo-listed marine seismic data providers TGS and Polarcus are hoping 2019 will be a year of a more significant recovery for seismic players, as they expect the oil and gas companies to boost their exploration budgets on the back of higher oil prices. The two companies on Thursday posted the results for the third quarter […]

No Comments read more
WesternGeco Seismic

First phase of Red Sea seismic mapping completed – El Molla

Posted: October 21, 2018 at 3:16 pm   /   Oil & Gas

Phase one of seismic mapping of Red Sea completed: The first phase of the seismic mapping of energy and mineral resources in the Red Sea — a precursor step to tendering exploration concessions there — has been completed, Oil Minister Tarek El Molla said on Thursday, according to Al Shorouk. Tendering concessions there to the […]

No Comments read more
MP Schlumberger

Oil Ministry, Schlumberger to host convention on Red Sea exploration

Posted: September 3, 2018 at 10:16 am   /   Oil & Gas

Oil Ministry, Schlumerger to host international convention in November on energy exploration in the Red Sea. The Oil Ministry and Schlumberger Ltd. will organize a conference in Hurghada this November to promote and market available concessions and oil and gas exploration areas in the Red Sea area, according to a ministry statement. The news came […]

No Comments read more
Halliburton

Oil Ministry wants Halliburton to advise on Egypt’s mature fields

Posted: May 25, 2018 at 1:30 pm   /   Oil & Gas

Oil Minister Tarek El Molla met with Halliburton’s Executive Vice President of Global Business, Eric Carre, on Wednesday to discuss the possibility of the company advising the ministry on strategies on further development on maturing fields, according to an Oil Ministry statement. They also discussed progress on the seismic database currently being developed to market […]

No Comments read more

EGAS to launch bid round in 1H2018 for East Mediterranean, onshore Nile Delta blocks

Posted: January 24, 2018 at 1:03 pm   /   Oil & Gas

EGAS is planning on issuing a bid round for oil and gas exploration in east Mediterranean and onshore Nile Delta blocks in 1H2018, Chairman Osama El Bakly said, according to Al Masry Al Youm. EGAS will also move ahead with its seismic mapping of blocks in west Mediterranean before setting them up for a bid […]

No Comments read more

El Molla discusses investments, East Lagia concession with Vegas CEO

Posted: July 4, 2017 at 2:13 pm   /   Oil & Gas

Greece’s Vegas Oil and Gas intends to increase its investments in Egypt in the coming period and will be participating in upcoming oil and gas exploration tenders, CEO David Evans told Petroleum Minister Tarek El Molla in a meeting yesterday, according to a ministry statement. Vegas operates in the East Lagia concession in Sinai, where […]

No Comments read more
Red Sea

The Red Sea – The Middle East’s Untapped Oil, Gas Region (E&P Mag)

Posted: May 24, 2017 at 10:57 pm   /   Oil & Gas

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 […]

1 Comment read more
total

Total to start drilling at North Mahalla concession in May

Posted: April 30, 2017 at 1:22 pm   /   Oil & Gas

Total is set to begin drilling the first exploration well in the North Mahalla onshore concession in the beginning of May, Al Shorouk reports, citing an unnamed EGAS official. According to the official, seismic scans of the concession indicate reserves of 3-5 trillion cubic feet of natural gas. This comes as the Oil Ministry is […]

No Comments read more