Newsletter subscribe
Tag: WEB

PICO’s Cheiron Egypt acquires 100% of Engie’s West El Burullus gas concession

Posted: May 9, 2017 at 1:26 pm   /   Oil & Gas

PICO Group subsidiary Cheiron Egypt has acquired 100% of West El Burullus (WEB) gas concession from Engie in a transaction announced yesterday. WEB is located in shallow offshore Mediterranean waters with recoverable reserves of c.200 bcf gas and 3 mn bbl of condensates. BNP Paribas, financial advisor on the transaction, said in an emailed statement […]

No Comments read more