Shell Egypt signs exploration agreement for offshore Red Sea Block 4
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 […]
ExxonMobil Egypt inks Star Offshore concession agreement with EGAS
ExxonMobil Egypt signed a contract to acquire a concession of more than 4,000 square kilometers in the Stare marine are in the Arab republic, according to a January 4th emailed press release. The agreement was signed with the Egyptian Natural Gas Holding Company (EGAS), in cooperation with petroleum firm Tharwa. Under the deal, ExxonMobil will […]
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 […]
Eni announces new gas discovery in Nour prospect offshore Egypt
Eni announces a new gas discovery under evaluation in the Nour exploration prospect located in Eastern Egyptian Mediterranean. Feasibility studies in order to accelerate the exploitation of these new resources leveraging the synergies with existing facilities will start after finalizing the discovery evaluation. Eni announces a new gas discovery under evaluation in the Nour exploration […]
BP buys 25% stake in Eni’s Nour concession offshore Egypt
BP buys 25% stake in Eni’s Nour concession: BP has acquired a 25% stake in the Nour concession from Eni, according to a statement from Eni. Industry watchers hope the offshore North Sinai concession could be a Zohr-scale discovery. The “transaction is part of a wider business alignment with BP internationally and further strengthens the […]
Eni signs new exploration license for Noor area offshore Egypt
Eni granted new exploration license named “Nour” located in the prolific East Nile Delta Basin of the Mediterranean Sea in Egypt. Eni announces that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian authorities. The exploration license, […]
Tharwa Petroleum prepares to drill in North Sinai’s Noor offshore concession
Tharwa Petroleum is waiting for final gas exploration approvals to begin drilling in the Noor concession in North Sinai, a company source says. The number of wells to be drilled will be determined once the contracts are signed, they added. The Cabinet had approved earlier this month a USD 105 million exploration agreement with Eni […]
