Total and its consortium (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea. This exploration block covers an area of 4,550 sq […]
Eni has announced a new oil discovery, in Meleiha Concession, in the Western Desert of Egypt. The discovery was achieved through the Arcadia 9 well, drilled on the Arcadia South structure, which is located 1.5 km south of the main Arcadia field already in production. The well encountered 85 feet of oil column in the […]
Chariot Oil & Gas Limited an Africa focused transition energy company has announced that it has negotiated the key terms of a new licence, Rissana Offshore in Morocco. The formal award of the licence is anticipated to occur in 2021 and is subject to the normal Moroccan regulatory procedures and approvals. According to the new […]
The Algerian Minister of Energy, Abdelmadjid Attar, has recently met with the Chief Executive Officer of Eni, Claudio Descalzi, in Algiers to consolidate further the company’s activities in the country, future projects and to discuss the energy transition, central to Eni’s new strategy. In the same vein, Claudio Descalzi also met with the CEO of […]
These agreements, which are in line with the ones finalized last February and take into account the evolution of the energy scenario, allow to reinforce Eni’s strategic objectives in terms of growth of its LNG portfolio, in particular in Egypt, where the Company is the main gas producer, and are of primary importance for all […]
United Oil & Gas PLC, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets offers an update on the Abu Sennan Licence in Egypt (United 22% working interest), including the signing of the rig contract for the ASH-3 well. The EDC-50 rig has a history of successful drilling in the Western Desert. […]
Wintershall Aktiengesellschaft (WIAG) today has transferred operatorship of Contract Areas 91 (former Concession 96) and 107 (former Concession 97) in the onshore Sirte Basin to Sarir Oil Operations (SOO), a newly established joint operating company with the National Oil Corporation (NOC). After the signing of two Exploration and Production Sharing Agreements (EPSAs) in December 2019, […]
BP today announced the start of gas production from its latest development offshore Egypt – the Qattameya gas field in the North Damietta offshore concession. Through bp’s joint venture, Pharaonic Petroleum Company (PhPC), the field, which is expected to produce up to 50 million cubic feet of gas per day, has been developed through a […]
Dana Gas PJSC has entered into a binding agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group (“IPR”) for the sale of its onshore Egyptian producing oil and gas assets for a consideration of up to $236 million including contingent payments. IPR is a leading private E&P operator in Egypt, with […]
South Sudan’s state-controlled Nile Petroleum Corporation (Nilepet) is on the verge of taken over the management of some oilfields in the country by 2027, when the operatorship contract of these oilfields with China National Petroleum Corporation (CNPC) is expected to expire. Nilepet’s managing director Chol Deng Thon Abel told Bloomberg in a recent interview. CNPC […]
