Pharos Energy plc, an independent oil and gas exploration and production company has entered into conditional agreements for the farm-out and sale of a 55% working interest and operatorship in each of the Egyptian El Fayum and North Beni Suef Concessions to IPR Lake Qarun Petroleum Co. (IPR Lake Qarun), a wholly owned subsidiary of […]
Chariot, the Africa focused transitional energy company, has signed a contract with Stena Drilling, one of the world’s foremost independent drilling contractors, to use its Stena Don drilling rig for the planned Anchois gas appraisal well within the Lixus licence, offshore Morocco. The Drilling operations is anticipated to commence in December 2021 and are expected […]
Petrofac has secured a contract valued at over US$100 million with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver their Erawin Field Development Project Phase 1 Early Production Facilities. The Engineering, Procurement, Construction and Commissioning (EPCC) scope of work encompasses surface equipment, including well pads and flowlines at the Erawin oil field, […]
Zenith Energy said that it finalised all the necessary preparations for the commencement of operational activities in the Robbana concession in onshore Tunisia. Workover of Robbana-1 well (“ROB-1”) Having carried out an extensive technical review, the Company’s operational team in Tunisia has made the decision to perform a workover of ROB-1, which is currently producing […]
Africa commitment to key in with prevailing wave in global energy transition has being entrenched in Egypt developmental economy. The European Bank for Reconstruction and Development (EBRD) is now plan to boost small businesses and green investments in Egypt with a US$ 50 million loan to ONB ALAHLI, one of Egypt’s largest commercial banks. The loan, […]
“We are delighted to be able to announce yet another positive result from the Abu Sennan licence,” said chief executive Brian Larkin. United Oil & Gas (LON: UOG) announced the success of its latest development well, Al Jahraa-8 (AJ-8), at the Abu Sennan concession in Egypt. The well encountered more than 40 metres of net […]
Zenith Energy, the listed international oil & gas production company focused on pursuing African development opportunities, has announced that its wholly owned subsidiary Zenith Energy Netherlands B.V. has signed an extension agreement of the longstop date in respect of the conditional sale and purchase agreement it signed with KUFPEC (Tunisia) Limited, a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company […]
Small and medium-sized enterprises (SMEs) in Egypt will benefit from a US$ 100 million loan by the European Bank for Reconstruction and Development (EBRD) to the National Bank of Egypt (NBE) to support energy efficiency, climate change mitigation and the introduction of adaptation technologies. NBE will on-lend the funds to SMEs in industry, commerce, and agriculture […]
United Oil & Gas plc’s (UOG) an exploration and production company with operations in Egypt has been granted approval for a development lease to cover the ASD-1X discovery, part of the Abu Sennan Licence, which allows production operations to get underway. Production starts from the ASD-1X well at an initial gross rate of 1,295 bopd, […]
Equinor and Sonatrach have signed a memorandum of understanding (MoU) to examine cooperation within oil and gas exploration and production in Algeria and internationally. The signing of the MoU strengthens the existing partnership between Equinor and Sonatrach. The MoU also includes cooperation within greenhouse gas emissions and carbon management, industrial safety management, implementation of technology […]
