Sameh Fahmy, the Egyptian minister of petroleum, has signed three new agreements. EGPC teamed up with GANOPE to sign the contracts in the Western Desert area. The primal deal between EGPC and Apache and Dana Petroleum, located in East Beni Suef, to add more exploration sessions with commitments of minimum spend of $12.5million, to drill more wells, and a Signature Bonus of $ 6 million. Mr. Thomas Voytovich, VP Region of Apache, and Mr. Brian Twaddle, Dana Petroleum Country Manager, were there to sign the deal on behalf of their companies.
The later agreement is in Faiyum district, between EGPC and Merlon Petroleum Company to add more search sessions with commitments of minimum spend of $ 24 million to drill six new wells, and a Signature Bonus of $3million. Eng. Moustafa Shaarawy, Merlon country manager, was there to sign the contract.
The final agreement was for GANOPE, which will drill for the first time in its history, in the area of Gilf Al-Kebir Al-Awinat in south west the Western Desert, with commitments of minimum spend of $8million including 2D seismic survey and to drill two new expletory wells. Eng. Sherif Ismail, CEO of Ganope, was there to sign the agreement.