PGS Release West Egypt MC3D Depth Merge and Interpretation
PGS, in collaboration with EGAS, has completed an extensive 3D GeoStreamer data acquisition and imaging campaign in Egypt’s west Mediterranean Sea. These data have now been merged into a single full stack depth seismic volume (KPSDM), including two pre-existing reprocessed overlapping MC3D surveys (legacy 3D data). The wider area was mapped using 2D seismic data in 2016 […]
Shell inks two offshore West Mediterranean agreements with Egypt
Shell inks two offshore agreements with Egypt as it shifts focus to marine production: Shell has signed two new oil and gas exploration agreements with the Oil Ministry in the Herodotus Basin deepwater sector off Egypt’s western Mediterranean coastline, the Dutch company’s Egypt office said in a press release. Shell acquired 67% of the 6.8k […]
Shell Egypt signs two PSC agreements for Red Sea, West Mediterranean Blocks
Dutch Shell has signed two production-sharing contracts (PSC) with the Ministry of Petroleum and Mineral Resources in the marine concession areas and deep water in the Red Sea region (Block 3) with an area of 3097 square kilometers, and in the Western Mediterranean region a 30% share of the exploration sector north of Ras Kanayis, […]
IOCs to begin conducting West Mediterranean seismic surveys in Q4 2020
International oil and gas players will begin conducting seismic surveys in Egypt’s Western Mediterranean in 4Q2020, Al Shorouk and Masrawy reported yesterday, each citing a source from the Egyptian Natural Gas Holding Company (EGAS). An unspecified number of companies will kick off the surveys as soon as the House of Representatives ratifies their exploration agreements, […]
MEES: Egypt bags all five Supermajors with key West Mediterranean awards
Full House: Latest Awards Mean All Five Supermajors Have Signed Up For Egypt’s Virgin West Med Acreage Global exploration pullback? Not in Egypt with Chevron, Shell, Total and BP joining Exxon in bagging key frontier West Mediterranean acreage. Cairo moved closer this week to officially announcing the award of at least six offshore blocks located […]
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 […]
Egypt agrees with five majors on West Mediterranean exploration
Egypt agrees with five energy firms on exploration in Mediterranean: minister. Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters in off its western coast on the Mediterranean, the petroleum minister said, the first such deals in that offshore region. The five companies are Royal […]
Egypt set to award majors seven West Mediterranean offshore blocks
Majors set to land frontier offshore Egypt blocks. Cairo administration readies award of seven tracts as part of new exploration push in region. Egypt is on the verge of awarding seven blocks in frontier areas of the western part of its Mediterranean Sea waters to supermajors. (Source: Upstream Online)
Chevron to be awarded two blocks in Egypt’s Western Mediterranean – MEES
Chevron To Bag Egypt West Med Blocks As Bidding Canned: MEES learns that Egypt’s oil ministry has cancelled plans to launch a bid round for eight ‘West Med’ blocks. Twelve months on from first announcing the imminent launch of a bid round for eight Western Mediterranean offshore blocks, MEES learns that Cairo has decided it […]
Egypt to directly award West Mediterranean O&G exploration rights
Egypt will directly award contracts for oil and gas exploration blocks in the Western Mediterranean to companies equipped to drill in deep water, Oil Minister Tarek El Molla told CNBC Arabia. The government plans to offer some concessions through bid rounds, but the priority is to select companies with advanced technology to drill in the […]
