exploration | Egypt Oil & Gas - Part 10

ExxonMobil Acquires Offshore Exploration Concession in Egypt

ExxonMobil Egypt (Upstream), in cooperation with Tharwa Petroleum Company, signed an agreement with the Egyptian Natural Gas Holding Company (EGAS) to acquire a concession covering more than 4,000 km2 in the Star ...

Rosneft Makes New Gas Discovery in Arctic Kara Sea

Russian Rosneft Company announced achieving new large gas discovery in the Arctic Kara Sea.

Aramco Maintains $18.75 B Dividends for Q3

Saudi Aramco, the world’s largest oil-producing company, has released its financial results for Q3 2020 with the company pledging to maintain its dividend payment of $18.75 billion.

Norway Receives Large Number of Applications for Next Bid

The Norwegian Ministry of Petroleum and Energy has received a large number of applications from 33 oil companies in the licensing round Awards in Predefined Areas (APA) 2020.

Sound Energy Renegotiates Exploration Permits in Morocco 

Moroccan focused upstream gas company, Sound Energy, has, together with its licence partners, renegotiated its Anoual exploration permits with Moroccan National Office of Hydrocarbons and Mines (ONHYM).

Nigeria Begins Oil Exploration in Eight Areas

The Nigeria National Petroleum Corporation (NNPC) begins oil exploration in eight of the 25 local government areas in Niger State, with Nigeria’s reserves expected to increase to 40 billion barrels by 2023.

Qatar Petroleum Wins Exploration Rights in Argentina

The company won the exploration rights as part of two consortia.

Red Sea Bid Winners Permitted to Sell Production: Ganope

Ganope announced that the companies that have been awarded Red Sea 10 exploration blocks will have the right to sell its production shares locally or export it with the Ministry of Petroleum’s approval.

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.

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