EGPC signed 3 oil & gas exploration agreements worth $50 million
The Egyptian General Petroleum Corporation (EGPC) has signed oil and gas exploration agreements with three international companies worth a combined USD 50 million, an Oil Ministry official tells Al Borsa. These include a USD 20 million oil and gas exploration agreement with Apex International in the West Badr El Din concession in the Western Desert, […]
Egypt signs $2.4 million exploration agreement with Trident Petroleum
Egypt signed Saturday a new oil and gas agreement with Trident Petroleum to explore for oil and natural gas in the Gulf of Suez worth at least $2.4 million. The agreement was signed by Egypt’s Petroleum Minister Tarek el-Molla, Egyptian General Petroleum Corporation’s (EGPC) Chairman Abed Ezz el-Regal and Trident’s President Ehab Awad. The agreed […]
Egyptian Government approves five oil & gas exploration agreements
Egypt’s government has approved five oil and gas drilling and exploration agreements with foreign companies, Petroleum Minister Tarek El Molla said on Wednesday. Once an energy exporter, Egypt has turned into a net importer because of declining oil and gas production and increasing consumption. It is trying to speed up production at recent discoveries to […]
Trident Petroleum signs exploration agreement for Northwest Seabird concession in the Gulf of Suez
Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed a new oil and gas exploration agreement in the Gulf of Suez, between Ganoub El Wadi Petroleum Holding Co (Ganope) and Egypt’s Trident Petroleum Company. The exploration agreement for Block 6 Northwest Seabird (Tair al-Bahr) concession in the Gulf of Suez, covering a 191 square […]