A Private equity firm Carlyle Group and a consortium backed by Cairn Energy are in the running to acquire Shell’s onshore assets in Egypt, Reuter’s 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 from the […]

SDX Energy Plc the MENA-focused oil and gas company, has announced that it has disposed of its 50% working interest in the North West Gemsa licence, situated in the Eastern Desert of Egypt. The purchaser, Gulf Energy, a private Egyptian oil and gas company, has paid US$3.0 million in consideration for the Company’s interest, of which US$1.4 million has been […]

Eni have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush. The discovery further extends to the west the gas potential of the Abu Madi formation reservoirs discovered and produced from the so-called “Great Nooros Area”. The new […]

Cheiron announces that the GNN-4 well, which was drilled to appraise the recent GNN oil discovery, has been completed and successfully tested at initial rates of over 2,000 bopd.  The well was drilled as a high angle wellbore from the existing Geisum D platform and has been placed on long term production using the existing […]

United Oil & Gas Plc (UOG)  a global oil and gas exploration, development and production company, is pleased to announce a production on the Abu Sennan concession oilfield off Egypt in which UOG holds a 22% working interest. This includes a production update covering the first half of June and the results of an Independent Reserves Report […]

The Egyptian Ministry of Petroleum has announced achieving a petroleum discovery in the offshore Geisum concession in the south of the Gulf of Suez with shallow waters. The Ministry clarified that the new discovery comes with an initial production rate of 2,000 barrels per day of crude oil, and it is estimated that there are […]

United Oil & Gas has provided Uan update on the proposed acquisition of Rockhopper Egypt from Rockhopper Exploration. Rockhopper Egypt holds a 22% nonoperating interest in the producing Abu Sennan concession, onshore Egypt This update provides further detail regarding the ASH-2 well which was recently drilled at Abu Sennan, current production at Abu Sennan and […]

The Minister of Petroleum and Mineral Resources, Tarek El Molla, and the Italian Ambassador to Egypt, Giampaolo Cantini, witnessed the signing of Engineering, Procurement and Construction (EPC) contract for establishing a Mazut Hydro-cracking Complex in Upper Egypt, according to a press release. The contract was signed by the Head of Assiut National Oil Processing Company […]

Maersk Drilling a leading drillships owner has been awarded a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt. The contract has an estimated duration of 21 days and is expected to commence in March 2020, in direct continuation of the rig’s current contract. The contract value is approximately USD 3.8m. “We’re pleased to […]

Egypt’s Petroleum Minister Tarek El-Mo lla (M) during the signing of the deal with Neptune Energy on Wednesday, February 12, 2019, Cairo, Egypt Egypt has signed an oil and gas exploration deal with Neptune Energy worth around $35 million for three wells in the Gulf of Suez, the oil ministry said on Wednesday. The wells […]