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 […]
Pharos Energy exits group looking to acquire Shell’s Western Desert assets
On 6 March 2020, Pharos Energy confirmed that it was in the preliminary stages of evaluating the acquisition, as part of a consortium, of Shell Egypt’s upstream portfolio in the Western Desert in Egypt (‘Western Desert Assets’). The Board of Pharos evaluates M&A opportunities with reference to strict strategic, financial and operational criteria. In light […]
Cheiron, Cairn, Pharos advance in deal for Shell Egypt onshore assets
Egypt’s East Gas also among companies in second round of bids. Planned sale is progressing despite the coronavirus pandemic . Cheiron consortium moves to second round of bidding for Shell Egypt onshore assets: A consortium of Cheiron, Pharos Energy and Cairn Energy has moved to a second round of bidding to acquire Shell’s onshore assets in […]
Pharos Energy confirms its interest in Shell’s Egypt upstream assets
London-listed junior confirms it is in the ‘preliminary stage of its evaluation’ as part of consortium. London-listed junior Pharos Energy has confirmed it is eyeing Shell’s upstream portfolio in the Western Desert in Egypt, which was recently put for sale. Pharos Energy has confirmed its interest in purchasing Shell’s onshore oil and gas assets in […]
Apache, Cheiron, Pharos are bidding for Shell’s Egypt onshore assets – Reuters
Apache Corp, Pharos Energy among bidders for Shell’s Egypt onshore assets: sources. Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and Middle East bidders, two sources familiar with the matter told Reuters. Shell launched a process at the end of November to sell its onshore upstream assets […]
United Oil & Gas announces completion of Rockhopper Egypt acquisition
United Oil & Gas, the AIM listed oil and gas exploration and development company, has announced the satisfaction of the regulatory conditions attached to its proposed acquisition of Rockhopper Egypt, which holds a 22% interest in the producing Abu Sennan field, from Rockhopper Exploration. This follows receipt of the written consents from EGPC and the […]
Dragon Oil to invest $650 mn in Egypt, looks to acquire Western Desert assets
Dragon Oil to invest USD 650 million in Egypt over the next five years: UAE-based oil and gas company Dragon Oil plans to invest an additional USD 650 million in Egypt over the next five years by acquiring operating assets in the Western Desert, COO Tayeb Huwair told Hapi Journal without disclosing which units the […]
