Deepwater

Shell to Start Production at West Nile Delta 9B in October

Shell will start production from its two offshore wells at West Nile Delta field 9B in the first half of October 2018.

Ministry of Petroleum Announces the Launch of PetroShorouk

Minister of petroleum and Mineral Resources, Tarek El Molla approved the formation of the joint venture company, PetroShorouk Petroleum, for the development of the Zohr field. The joint venture is between the Egyptian Natural Gas Holding Company (EGAS) and IEOC, the Ministry of Petroleum issued in a press release.

BP Commits $229M to Three Offshore Blocks with Eni and Total

BP Plc announced on Wednesday that it had been awarded three new offshore exploration blocks in Egypt with a total investment commitment of $229 m from BP and its partners

Egypt Has 7 Other Blocks in Mediterranean Similar to Eni’s New Shorouk Discovery

Dr. Wafik Meshref, the Exploration General Manager at Sahara Oil & Gas Company told Egypt Oil & Gas that there are at least seven additional blocks in the Mediterranean Sea that have similar or twin lithology to Shorouk Block.

Update 1: Eni Provides Full Report on Mega-Gas Find in Egypt

The Ministry of Petroleum and Mineral Resources announced in a press release that the petroleum Minister, Sherif Ismail, received a report from Eni Chief Executive Claudio Descalzi concerning the company's deepwater mega-gas find in the Shorouk block in the Mediterranean Sea. The discovery holds a potential of 30 tcf of gas and 5.5 bboe, covering an area of about 38.6 square miles (100 square kilometers).

Gulf of Mexico Drilling Rigs Sit Idle

The Gulf of Mexico and the Caribbean Sea have become a garage for deepwater drillships -- at a cost of about $70,000 a day each. It’s either that or send your precious rig to a scrapyard.

Disputed Claims in Israel Over Leviathan Estimates

Delek Drilling and Avner Oil Exploration have responded to reports in an Israeli newspaper concerning assessment of the resources in the deepwater Leviathan gas/condensate field

Greece Calls on China for Offshore Oil, Gas Exploration

Greece invited Chinese firms on Monday to bid in a Greek tender for deep-sea oil and gas exploration later this year after Athens extended the bidding process in March.

Brazil Reconsidering Role of Foreign Firms in Deepwater

There’s a growing chorus of lawmakers advocating a bigger role for foreign oil companies in Brazil’s prized deepwater discoveries as the national producer grapples with the industry’s biggest debt load and funding constraints.

Aramco Red Sea Reversal

Saudi Aramco is postponing its Red Sea deepwater exploration plans due to its high cost amid a low crude price environment, according to a report

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