exploration | Egypt Oil & Gas - Part 10

ADNOC Awards Onshore Block 1 to Indian Consortium

During the exploration phase, the Indian consortium will hold 100% stake and invest around $170 million to explore oil and gas in the block.

ADNOC Awards Offshore Blocks to Eni, PTTEP

The Abu Dhabi National Oil Company (ADNOC) has awarded two offshore blocks to Eni and PTT Exploration and Production Public Limited (PTTEP) for oil and gas E&P.

Edison Dissipates Rumors and Confirms Commitment to Egyptian Projects in 2019

Edison announced its commitment to Egypt and its East Mediterranean concessions as it will pursue and fulfill its exploration campaign in 2019.

Sound Energy Spuds TE-10 Well in East Morocco

Moroccan upstream gas company Sound Energy has announced the spudding of its TE-10 well in eastern Morocco.

Lebanon to Start Gas Exploration by 2019-End

Lebanon is expected to start exploring for natural gas by the end of 2019 through a consortium led by French oil major Total, second vice-governor of Lebanon’s central bank, Saad Andary, revealed at a press confer ...

Turkish Oil Ship Drills in Mediterranean

A Turkish Oil Ship has started to drill for oil and gas in the Mediterranean Sea on October 31, sparking fears over potential disputes with neighbors Cyprus and Greece over jurisdiction.

Upland Receives Exclusive Exploration Rights in Northern Tunisia

The Tunisian government accepted a bid from the upstream company Upland Resources for an exclusive hydrocarbon exploration and appraisal licence in onshore northern Tunisia.

Ministry of Petroleum to Offer New Exploration Tenders

Minister of Petroleum Tarek El Molla announced on July 31 that the ministry is planning to increase investment opportunities for oil and gas exploration by offering new tenders for the Red Sea and West Mediterrane ...

EGPC, BP Sign $46M Gulf of Suez E&P Deal

The Egyptian General Petroleum Corporation (EGPC) and BP have signed a $46 million oil and gas exploration and production (E&P) deal for the Eastern Ramadan area in the Gulf of Suez.

Arabian Gulf Oil Company Returns to Full Production After Power Problems

Oil output from Libya’s Arabian Gulf Oil Company (AGOCO) has returned to its normal level of 250,000 barrels per day (b/d) after electricity supply problems.

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