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Egypt

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 […]

Oilfield Africa - Friday March 26, 2021
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 […]

Oilfield Africa - Saturday March 13, 2021
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 […]

Oilfield Africa - Thursday March 11, 2021
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 […]

Oilfield Africa - Thursday February 25, 2021
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 […]

Oilfield Africa - Thursday February 25, 2021
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 […]

Oilfield Africa - Monday February 15, 2021
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 […]

Oilfield Africa - Monday January 25, 2021
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 […]

Oilfield Africa - Thursday January 21, 2021
APEX Energy Announces Second Oil Discovery in Egypt’s Western Desert

Apex International Energy has announced a new oil discovery in Southeast Meleiha Concession (SEM), located in the Western Desert of Egypt. The discovery was achieved at the SEMZ-11X well located 10 kilometers west of Zarif field, the nearest producing field. The well was drilled to a total depth of 5,700 feet and encountered 65 feet […]

Oilfield Africa - Wednesday January 20, 2021
Egypt: Zenith enters new acquisitions agreement for MENA region

Zenith Energy has announced that it has entered into a cooperation agreement with Fleet Oil & Gas, privately owned Oil and Gas Company led by the former Egyptian Petroleum Minister, His Excellency Eng. Mahmoud Latif Amer based in Dubai, United Arab Emirates and has a representative office in Cairo, Egypt. The purpose of the cooperation agreement is to jointly identity, […]

Oilfield Africa - Wednesday January 13, 2021

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