exploration and production | Egypt Oil & Gas - Part 3

Dana Gas to Consider Selling $500 MM Egyptian Assets

Dana Gas is being consulted on whether to sell its $500 million offshore Merak-1 well in Egypt as no commercial discovery has been made there.

Eni Announces New Production from Western Desert, New Near Field Discoveries

Eni announced that production from South West Meleiha development lease has started. In addition, two near oil fields have been discovered in the Meleiha development lease in Western Desert.

Enap Sipetrol to Execute an Organizational Restructure

Enap Sipetrol executed a top management restructure in Egypt branch in order to strengthen and grow its operation and investment in Egypt.

Iraq’s Gulf Keystone Receives Shaikan Crude Payments

Gulf Keystone Petroleum has received $10.7 million for Shaikan crude oil sales.

EGAS to Put 11 Gas Exploration Blocks for Bid Rounds

EGAS has finalized seismic studies and scans, and is waiting for the Ministry of Petroleum’s approval to set a date for the bid rounds.

ADNOC Awards Onshore Block 3 to Occidental Petroleum

Under the agreement, Occidental will own 100% of the block in the exploration phase and invest around $244 million, meanwhile ADNOC will be able to hold 60% stake in the production phase of the concession.

IOCs Investments to Reach $10 B in FY 2019/20: El Molla

International Oil Companies (IOCs) plans to pump investments of around $10 billion on exploration and production (E&P) activities during the next fiscal year (FY) 2019/20.

Oman Signs Two Exploration Agreements Worth $65B

The Omani Ministry of Oil and Gas has signed two new exploration and production sharing agreements (ESPA) worth $65 billion to explore and develop the onshore concession blocks 51 and 65.

Egypt Signs $10M Western Desert E&P Agreement

Egypt's oil minister, Tarek El Molla, has signed a $10 million exploration and production (E&P) agreement covering the Western Desert's Abu Sennan concession.

El Molla Signs Two E&P Deals Worth $65M

Oil minister Tarek El Molla has signed two oil and gas exploration and production (E&P) agreements in the Sinai and the Suez Gulf with investments of $65 million and $3.5 million signature grant.

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