WintershallDea and Sonatrach have expanded their Memorandum of Understanding, originally signed in August 2020. This is in continuation to explore new opportunities in Algeria in the field of gas production and low-carbon energy solutionsThe MOU now sets a basis for the company to consider new business opportunities in Algeria, not just in natural gas but […]
Sound Energy, the transition energy company, has released its audited final results for the year ended 31 December 2021. Development of the Moroccan Tendrara Production Concession Phase 1 Micro LNG project 10-year take or pay Gas Sales and Purchase agreement signed with AfriquiaGaz Execution of $18.0 million loan facility from AfriquiaGaz (with 6% annual coupon […]
SDX Energy today announced a gas discovery at the SD-5X exploration well which targeted the Warda prospect in the South Disouq development lease.SD-5X (SDX:36.85% WI) was spudded on 4 March and reached TD at 7,855ft MD on 16 March which was on time and within budget. The primary basal Kafr El Sheikh target was encountered […]
Eni and Sonatrach announce a significant oil and associated gas discovery in the Zemlet el Arbi concession, located in the Berkine North Basin in the Algerian desert. The concession is operated by a joint venture between Eni (49%), and Sonatrach (51%). Preliminary estimates of the size of the discovery are around 140 million barrels of […]
United Oil & Gas PLC the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce an update on the drilling of the ASD-2 development well (ASD-2) in the Abu Sennanlicence, onshore Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. […]
Zenith Energy, the listed international energy production and Development Company, has disclosed that a workover rig will shortly be mobilised to the Robbana concession, onshore Tunisia, to commence operations in well Robanna-1 (“ROB-1”). The workover rig will re-enter ROB-1 and pull the tubing string out of hole. A specialised Schlumberger wireline unit will subsequently perform […]
SDX Energy has announced successful spuddingoperations of the SD-5X exploration well, targeting the Warda prospect in the South Disouq development lease. SD-5X spudded on 4 March 2022 and is expected to reach TD in approx. three weeks. The primary target, which has already been encountered in the IbnYunus and Sobhi field reservoirs, is the basal […]
The European Bank for Reconstruction and Development (EBRD), with support from the Green Climate Fund (GCF), and the European Union, is providing a financial package of up to €25 million to Crédit du Maroc to boost Morocco’s green transition. The financing, of which the equivalent of €18.75 million in local currency (MAD) will be provided by the EBRD and […]
WintershallDea is closing the chapter of its long oil production history in Egypt.after 38 years of economic and efficient production from the Gulf of Suez, and this is effective as of 1st January 2022. “The Gulf of Suez concession will always be a proud part of our history in Egypt. It was the foundation upon […]
Zenith Energy has revealedits next planned international crude lifting of oil production from its Tunisian portfolio. The lifting is scheduled for April 2022, following the last sale of oil announced to the market on July 8, 2021. The Company confirms that, based on current production rates from its recently enlarged portfolio, it will hold a […]
