concession agreement | Egypt Oil & Gas

Energean to Invest $150Mn to Consolidate Egyptian Assets, Boost Exploration

Energean, a London-based independent exploration and production company, is advancing the consolidation of its Abu Qir, North El Amriya (NEA) and North Idku (NI) concessions into a single concession framework, accordi...

bp Secures 10% Stake in UAE’s Bab Gas Project

British Petroleum (bp) has signed a concession agreement with Abu Dhabi National Oil Company (ADNOC) and other partners to develop the Bab Gas Cap project in the United Arab Emirates (UAE), in which it will hold a 10%...

Egypt Amends Abu Marawat Gold Concession with Aton Mining Inc.

The Mineral Resources and Mining Industries Authority (MRMIA) and Canada’s Aton Mining Inc. have initialled an amended draft for the Abu Marawat concession agreement. This update to the Eastern Desert gold project is ...

Ganope, Lukoil Seal Concession Agreement for E&P in South Wadi Al-Sahl

Minister of Petroleum and Mineral Resources Karim Badawi oversaw the signing of a new oil exploration and production (E&P) concession agreement in the South Wadi Al-Sahl area of the Eastern Desert. The agreement w...

Kuwait Energy Egypt Inks Concession Agreement for Borg Al Arab in the Western Desert

Kuwait Energy Egypt and the Egyptian General Petroleum Corporation have signed a concession agreement to pump new investments in the developing and exploiting Borg Al Arab Area in the Western Desert. The agreement was...

Wintershall Dea Signs Concession Agreement for East Damanhour Exploration at EGYPS 2020

On the eve of the Egypt Petroleum Show 2020 (EGYPS 2020), Wintershall Dea and Egyptian Minister of Petroleum H.E. Tarek El Molla have signed the concession agreement for the East Damanhour block. The block is located ...

Saudi Arabia Grants Aramco 40-Year Concession Agreement

The Saudi government has offered state-owned oil company Saudi Aramco a 40-year concession term for the kingdom’s oil reserves, replacing its current evergreen contract which permits it indefinite exclusive righ...

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