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Egypt

United Oil and Gas gives operations update in Abu Sennan offshore Egypt

The ASD-1X exploration well, located 12km to the north-east of the producing Al Jahraa Field, safely reached its projected depth several days ahead of schedule and under budget. United Oil and Gas has announced that  it achieved a positive outcome in its drilling of the ASD-1X exploration well in the Abu Sennan concession. Preliminary results suggest […]

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SHELF DRILLING TRIDENT 16 JACK-UP RIG CONTRACT IN EGYPT EXTENDED

Shelf Drilling, Ltd has announced that it has secured a two-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (“Petrobel”) for operations in the Gulf of Suez offshore Egypt. The Trident 16 has been working with Petrobel in Belayim fields since 2015, and following […]

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Shell’s Egypt onshore sale adds to $4 billion annual divestment plan

Shell’s recent sale of onshore assets in Egypt helps bring the European major closer to its $4 billion divestment target for the year, but it also supports the buyer. Working to achieve a net zero target by 2050, UK-based Cairn Energy acquired Shell’s stake in producing gas assets in the Western Desert, while offloading its […]

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Eni, partners to restart Damietta liquefied natural gas plant, settles Union Fenosa Gas disputes in Egypt

Eni has announced that it has closed the agreement signed last December with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and the Spanish company Naturgy that will restart the Damietta liquefaction plant in Egypt, settle Union Fenosa Gas and SEGAS’s outstanding disputes with […]

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Shell divests onshore, upstream assets in Egypt’s Western Desert

Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in Egypt’s Western Desert for a base consideration of US$646 million and additional payments of up to $280 million between 2021 and 2024, contingent […]

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United Oil and Gas Announces ASH-3 Operations update in Egypt

United Oil & Gas has provided an update on the drilling of the ASH-3 well in the Abu Sennan concession, onshore Egypt. United holds a 22% non-operating interest in Abu Sennan, which is operated by Kuwait Energy Egypt. Highlights Total of 27.5m net pay interpreted over a 59m gross section in the targeted Alem El Buieb (AEB) reservoir Initial […]

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Egypt Lifts First Cargo from Damietta LNG production Plant

The first LNG cargo from the Damietta liquefaction plant in Egypt was successfully produced and lifted. This is the first LNG cargo produced by the terminal after it was shut down in 2012.  Such event represents an important milestone in the process to complete the agreement reached on December 1st 2020 aimed at settling all […]

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United Oil & Gas announces ASH-3 Well Update offshore Egypt

United Oil & Gas PLC the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, has announced update on the drilling of the ASH-3 well in the Abu Sennan concession, onshore Egypt. United holds a 22% non-operating interest in Abu Sennan, which is operated by Kuwait Energy Egypt. Highlights Total of 27.5m […]

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Transglobe Energy Announces an Operations Update

TransGlobe Energy Corporation cash flow-focused oil and gas exploration and development company whose current activities are concentrated in the Arab Republic of Egypt and Canada has announced an update on its operations in Egypt and Canada. All dollar values are expressed in US dollars unless otherwise stated. UPDATES Production averaged 12.4 MBoepd in Q4, 2020 […]

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Mubadala Petroleum acquires interest in Red Sea Block 4 offshore Egypt

Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, has signed the concession agreement with Mubadala Petroleum for oil and gas exploration activities in the Red Sea Block 4 (“Block 4”), with an area estimated at 3084 km2, owned by the South Valley Egyptian Petroleum Holding Company (Ganope). The block was awarded by the Government […]

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