exploration | Egypt Oil & Gas - Part 12

EGAS to Launch Natural Gas Exploration Outbidding

The Egyptian Natural Gas Holding Company (EGAS) plans to launch outbidding for the exploration of nine offshore and onshore natural gas concessions during Q2 2018.

Ganope’s Production Plan to Reach 8.9 M Barrels

South Valley Egyptian Petroleum Holding Company (Ganope) plans to produce 8.9 million barrels of oil during FY 2018/2019.

TransGlobe Energy Allocates $29.1 M for Egypt in 2018 Budget

TransGlobe Energy Corporation has announced its 2018 capital budget allocating $29.1 million for operations in Egypt and $12.2 million in Canada.

GlobalConnect’s Acquisition of a 25% Share in Abu Sennan Approved

The Egyptian government approved GlobalConnect’s acquisition of a 25% stake in the Abu Sennan Concession.

GPC to Take EGP 3 B Loan for Exploration

The National Bank of Egypt (NBE) and Banque Misr are securing a EGP 3 billion loan for General Petroleum Company (GPC) to fund exploration and drilling activities, as well as debt restructuring.

Apache, APEX, Shell Awarded 5 Concessions in EGPC Tender

he Egyptian Cabinet and Parliament approved the signing of contracts with US Apache, APEX International Energy, and Royal Dutch Shell, as the companies won five concession areas in the Western Desert.

Schlumberger Wins Exploration Contract in Oman

Schlumberger won a one-year contract from Oman-based Petrogas Kahil for the drilling of three exploration wells in Block 55.

Total, QP Acquire Stake in Al-Shaheen Field, Offshore Qatar

Total along with the national oil company Qatar Petroleum acquired the operatorship of the Al-Shaheen offshore oil field for a period of 25 years starting July 14

El Molla, Ismail Review Exploration Enhancement in Red Sea

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed during a ministerial meeting chaired by Prime Minister, Sherif Ismail, the efforts exerted by the ministry to enhance exploration in ...

El Molla Reviews GPC Work

The Egyptian General Petroleum Company (GPC) submitted the report of its work to El Molla.

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