exploration and production | Egypt Oil & Gas - Part 8
Shell Egypt signs Two PSCs for Blocks in Red Sea, Mediterranean
Shell Egypt has signed production sharing contracts (PSCs) for offshore and deep-water concession of the Red Sea’s Block 3 that covers 3,097 Km² and the offshore North Kanayes of Herodotus Basin in the West Me...
Cabinet Approves Three E&P Agreements
The Egyptian Cabinet approved three draft laws for three exploration and production (E&P) agreements, according to a statement published on the Cabinet Facebook page. The first draft law is regarding an agreement ...
Saudi Aramco Plans to Cut Capital Spending Further
Saudi Aramco plans to further cut capital expenditure (Capex) in an attempt to try and pay for the $75 billion dividends that were promised to investors, according to the Financial Times. Saudi Aramco is now reported ...
Norway to Offer 125 New Arctic Exploration Permits
Norway, Europe’s largest oil-producing nation, intends to profoundly increase Arctic oil exploration by offering up 125 new oil exploration permits in the Arctic Barents Sea, according to Reuters. Norway’s 25th licen...
New Petroleum Discovery in Abu Sennan
Borg Al Arab Petroleum Company has achieved a new petroleum discovery in Abu Sennan concession after drilling Al Salemia Well -5 at the Western Desert, according to a press release. The new discovery has been put on t...
Shell Open to Receive Offers for its Western Desert’s Assets
Khaled Kacem, Shell Egypt Country Chairman and Managing director, announced that the company is still open to accepting purchasing offers to its assets in the Western Desert, according to Reuters. Kacem did not reveal...
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 ...
ADNOC Announces New Natural Gas Discovery In UAE
Abu Dhabi National Oil Company (ADNOC) announced a new discovery of 80 trillion standard of cubic feet (TSCF) of shallow gas in the area between Saih Al Sidirah in Abu Dhabi and Jebel Ali in Dubai of UAE, according to...
