agreements

  • PCGUSA Awards a $24 mm Contract to Maersk Drilling

    PCGUSA Awards a $24 mm Contract to Maersk Drilling

    Monday, 19th April 2021

    PC Gabon Upstream S.A. (PCGUSA), a subsidiary of PETRONAS, has awarded Maersk Drilling with a one-well contract for the provision of a deepwater drillship rig valued at $24 million.

  • EGAS: Natural Gas Production to Reach 7.2 bcf/d

    EGAS: Natural Gas Production to Reach 7.2 bcf/d

    Sunday, 14th March 2021

    The Egyptian Natural Gas Holding Company (EGAS) announced that it plans to sign three development contracts worth $377.7 million in and complete drilling ten wells in Delta and the Mediterranean (FY) 2021/2022.

  • El Molla Highlights Achievements Before House of Representatives

    El Molla Highlights Achievements Before House of Representatives

    Monday, 1st February 2021

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, stated a speech about the achievements and challenges of the ministry before the House of Representatives.

  • El Molla Signs 9 New Oil and Gas Agreements Worth More than $1B

    El Molla Signs 9 New Oil and Gas Agreements Worth More than $1B

    Sunday, 3rd January 2021

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, has signed 9 new agreements worth more than $1 billion for drilling 17 new exploration wells to search for petroleum and natural gas in Mediterranean, and the Red Sea with six international and Egyptian companies.

  • Cabinet Approves Three E&P Agreements

    Cabinet Approves Three E&P Agreements

    Thursday, 5th November 2020

    The Egyptian Cabinet approved three draft laws for three exploration and production (E&P) agreements.

  • Schlumberger Signs Agreements to Train Students of Four Universities

    Schlumberger Signs Agreements to Train Students of Four Universities

    Thursday, 25th June 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, has witnessed signature of agreements between Schlumberger Company and four Egyptian Engineering and Science Universities including Ain Shams University, American University in Cairo (AUC), German University in Cairo (GUC), and British University in Cairo (BUC) in cooperation for training and preparing their students.

  • El Molla: New 12 Petroleum Agreements Worth $1 B

    El Molla: New 12 Petroleum Agreements Worth $1 B

    Sunday, 21st June 2020

    The Minister of Petroleum and Mineral Resources, Tarek EL Molla, announced that the new 12 petroleum agreements on which the cabinet has approved, worth minimum $1 billion in addition to $19 billion as a signature bonus for drilling 21 wells.

  • Egypt, ExxonMobil Ink Two Agreements Worth $332 MM

    Egypt, ExxonMobil Ink Two Agreements Worth $332 MM

    Tuesday, 28th January 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, signed two agreements with ExxonMobil, for exploration and production (E&P) activities of natural gas at the Mediterranean.

  • Egypt Signs Four E&P Agreements with $155 M

    Egypt Signs Four E&P Agreements with $155 M

    Wednesday, 25th December 2019

    The Ministry of Petroleum and Mineral Resources signed four agreements for oil and natural gas exploration and production (E&P) operations in the Western Desert, Gulf of Suez, and Nile Valley with minimum investment costs of $155 million, in addition to a signature bonus for drilling 30 wells estimated with $10.5 million.

  • EGAS Report: Egypt Exports 172.8 bcf LNG in FY 2018/19

    EGAS Report: Egypt Exports 172.8 bcf LNG in FY 2018/19

    Tuesday, 22nd October 2019

    The Egyptian Natural Gas Holding Company (EGAS) has issued its annual report for the fiscal year (FY) 2018/19.