agreements | Egypt Oil & Gas - Part 6

Egypt to Seal 12 Petroleum Agreements Worth $433 M in 2018

Egypt will launch international exploration and production (E&P) tenders for Upper Egypt and the Red Sea. The two geophysical data collection projects will be finalized by the time E&P tenders are issued.

Ganope Drills 13 Exploratory Wells

During fiscal year (FY) 2016/2017, Ganoub El Wadi Petroleum Company (Ganope) drilled 13 exploratory new wells.

Cabinet Approves Six Agreements between EGPC and IOCs

The Egyptian cabinet met on the 25th of May and approved six agreements between the Egyptian General Petroleum Company (EGPC) and a number of unnamed IOCs for oil exploration in the Western Desert.

Sonatrach, Eni Agreed to Extend Cooperation

The Algerian state-owned company, Sonatrach, and Italian Eni signed several cooperation agreements in various energy areas.

Eni Amends Concession Agreements with Egypt

Eni’s Egyptian subsidiary, IEOC, has signed 3 new amendments to its agreements with the Egyptian government. In a November 12th press release, the company announced the amendments for their concessions of Sinai 12 an ...

Egypt to Renegotiate Contracts with IOCs

Tarek El Molla, Minister of Petroleum and Mineral Resources, said that the ministry aims to renegotiate the current contracts with IOCs, in order to achieve economic balance between the foreign investor and state com ...

Oil and Gas Deals Worth $9.2 Billion Underway in Egypt

Egypt has three major oil and gas deals worth a total of $9.2 billion underway, after attracting investment of about $2.9 billion for oil and gas exploration in just over a year, a spokesman for the energy ministry t ...

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