United Oil & Gas provides Abu Sennan ASD-2 well update
United Oil & Gas has announced an update on the drilling of the ASD-2 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. Highlights ASD-2 development well encountered a total of at least 25.5m of net pay across multiple oil-bearing reservoirs ASD-2 […]
Capricorn Energy announces full year results for the year ended 31 December 2021
Simon Thomson, Chief Executive, Capricorn Energy, said: ‘2021 was a transformational year for Capricorn; we continued to successfully reshape our portfolio and achieved a positive resolution of our Indian tax dispute. From the proceeds of asset sales and the Indian tax refund we have committed to nearly US$1 billion of capital returns to shareholders in […]
TransGlobe Energy announces its 2021 year end reserves
TransGlobe Energy has announced the results of its independent reserves evaluation for the year ended December 31, 2021 as prepared by GLJ Ltd. All dollar values are expressed in US dollars unless otherwise stated. HIGHLIGHTS Proved Developed Producing (‘PDP’) gross reserves increased 30% to 19.9 MMboe from 15.3 MMboe at year end 2020. Total proved (‘1P’) gross reserves increased […]
Eni awarded five Exploration Licenses in Egypt 2021 Bid Round
The licenses are located in the Eastern Mediterranean Sea, Western Desert and Gulf of Suez Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum. The licenses, four of which as Operator, are in the Egyptian offshore and onshore, and follow the successful participation to the 2021 competitive “Egypt International Bid […]
Egypt announces Results of 2021 International Digital O&G Bid Round: Seven companies awarded eight concessions
Seven international companies were awarded exploration and production licenses for eight oil and gas concessions in the Mediterranean, the Western desert, and the Gulf of Suez, with a minimum investment value of c.USD 250 mn, the Oil Ministry said today. The licenses were awarded to Eni, BP, Apex International, Energean, United Energy, INA Naftaplin, and […]
United O&G announces spudding of Al Jahraa-13 development well in Egypt’s Abu Sennan licence
AIM-listed United Oil & Gas has announced the spudding of the Al Jahraa-13 development (‘AJ-13’) well in the Abu Sennan licence, onshore Egypt. Highlights Drilling of the AJ-13 development well, which will target stacked Upper and Lower Bahariya reservoir targets, has commenced The well will take approx. 65 days to drill and complete and is fully funded from operational cashflow […]
Eni makes three new oil & gas discoveries in Egypt’s Western Desert
The three new discoveries are estimated to hold about 50Mboe of hydrocarbon reserves. Eni has made three new oil and gas discoveries in Meleiha and South West Meleiha concessions, in the Western Desert of Egypt. According to preliminary estimates, the new discoveries hold about 50 million barrels of oil equivalent (Mboe) of hydrocarbon in place. […]
Kuwait Energy makes commercial discovery in Abu Sennan license
Kuwait Energy Egypt submitted a notice of commercial discovery following production from the AR-C reservoir in the ASX-1X exploration well in the Abu Sennan license, 7 km north of the producing Al Jahraa field in Egypt’s Western Desert, partner United Oil & Gas PLC said in an Oct. 19 release. The well reached a total […]
Shell Egypt completes sale of Western Desert assets to Cheiron Petroleum, Cairn Energy
Shell Egypt and Shell Austria, subsidiaries of Royal Dutch Shell, have completed the sale of their upstream assets in Egypt’s Western Desert to a consortium made up of subsidiaries of Cheiron Petroleum Corp and Cairn Energy for a base consideration of US$ 646 million and additional payments of up to US$ 280 million between 2021 and 2024, contingent on the oil price and the […]
Cairn expects to finalize Shell Egypt onshore assets acquisition by end of month
Cairn, Cheiron could replace Shell in the Western Desert before the month is out: Cairn Energy and partner Cheiron expect to finalize its takeover of Shell Egypt’s onshore oil and gas assets by the end of September, Cairn said yesterday. The joint acquisition, which will see the assets split 50-50 between the UK-listed company and leading Egyptian […]
