exploration and production | Egypt Oil & Gas - Part 8

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.

Oil Ministry Signs Three Exploration Agreements Worth $139.2M

Oil minister Tarek El Molla has signed three new exploration contracts to drill 15 wells in the Mediterranean and the Western Desert with an investment budget of $139.2 million and a $55 million signing grant.

Oil Ministry Signs Three Exploration Agreements

The Ministry of Petroleum signed three new agreements for oil and natural gas exploration in the northern Sinai Peninsula and the Gulf of Suez on July 11.

Page 8 of 9

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