Egypt’s Cabinet approves three E&P Agreements with Eni, BP, Enpedco
Three bills that authorize the Oil Ministry to sign oil exploration contracts earned cabinet signoff. IEOC, Eni’s joint venture with the EGPC, and Russian firm Lukoil will explore and develop the Meleiha concession in the Western Desert, while a second contract between the EGPC and BP for the South Ghareb Offshore concession in the Gulf […]
AustinBridgeporth: Egypt’s Buried Secrets – The Horus-1 eFTG Survey
By Mark Davies, and Gary Barnes, AustinBridgeporth (GEO ExPro October 2020 Issue) The first outing of the world’s most sophisticated airborne gravity gradiometer has already yielded fascinating insights into the unexplored Egyptian subsurface. In today’s rich smörgåsbord of exploration technology, we rarely get to witness a significant leap forward in instrumentation advancement. Nonetheless, this is […]
Apache can spend up to $900 mn at its Western Desert concessions this year
US oil and gas producer Apache could spend as much as USD 900 million at its Western Desert oil concessions this fiscal year if oil prices mount a recovery, Al Mal reports, citing a senior official at the Egyptian General Petroleum Corporation (EGPC). The company spent some USD 840 million in Egypt last fiscal year […]
Eni announces new oil discovery at SW Meleiha, in Egypt’s Western Desert
Eni announces the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession. Production in the Concession started just one year ago and is now in excess of 12,000 bopd. Eni announces the successful drilling of the SWM-A-6X well, in the South West […]
Carlyle, Cairn-backed group, Dragon Oil in running to acquire Shell Egypt onshore assets
Private equity firm Carlyle Group and a consortium backed by Cairn Energy are in the running to acquire Shell’s onshore assets in Egypt, Reuters reports, citing two sources with knowledge of the matter. Previous reports had indicated that Cairn Energy was part of a consortium that initially included Cheiron and Pharos Energy, until Pharos withdrew […]
WEPCO to link 2 new wells to production line for $12 mn
WEPCO to add 2 new drilling wells to production line for USD 12 mn The Western Desert Operating Petroleum Co. (WEPCO) will add two new drilling wells to its production line which includes the Badr-1 and EDC 9 natural gas wells at a cost of USD 12 mn, Chairman Ibrahim Masoud announced during a tour […]
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 […]
United Oil & Gas upgrades reserves of Egypt’s Abu Sennan Concession
Highlights 13,900 boepd gross (3,060 boepd net working interest) average production from the Abu Sennan concession for the first half of June – a 69% increase compared to average April production (1,810 boepd net) Total production during that period has benefited from the ongoing testing of the El Salmiya-5 Well, with c. 4,000 bopd and […]
Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion
Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]
United O&G reports successful Salmiyah-5 development well in Abu Sennan concession
Total of over 120m net pay across four hydrocarbon-bearing intervals encountered by El Salmiyah-5 well on Abu Sennan concession – main target potentially materially larger than previously believed Flow rates of 4,100 bopd, with 18 mmscf/d gas (c. 8,700 boepd in total) achieved from Kharita Reservoir during well-testing United’s net production from the Abu Sennan […]
