exploration | Egypt Oil & Gas - Part 2

Egypt Launches $117mn OBN Seismic Survey Project in Eastern Mediterranean

Egypt plans to carry out an ocean bottom node (OBN) seismic survey project in the Eastern Mediterranean, covering an area of 95,000 square kilometers using the latest global technologies in seismic surveying and e ...

TotalEnergies, SAPETRO Sign PSC for Nigerian Offshore Blocks

TotalEnergies has signed a Production Sharing Contract (PSC) with South Atlantic Petroleum (SAPETRO) for two offshore exploration licenses in Nigeria. Under the deal, TotalEnergies will operate the licenses with a ...

Egypt Signs Four New Oil and Gas Exploration Deals Worth Over $340 M

Within the framework of the Minister of Petroleum's strategy to intensify research and exploration activities and increase production, the Egyptian Natural Gas Holding Company (EGAS) signed four new agreements wit ...

Badawi Talks Boosting Exploration in Meeting with PM

In a meeting with Mostafa Madbouly, Egypt’s Prime Minster, Karim Badawi, Minister of Petroleum and Mineral Resource, reviewed the expansion plans for various exploration and discovery activities, as well as the ef ...

Egypt signs New Gas Exploration deals with Eni and bp

The Egyptian General Petroleum Corporation (EGPC); and the Egyptian Natural Gas Holding Company (EGAS) signed a new incentive-based agreement with Italy’s Eni—represented by its Egyptian subsidiary, the Internati ...

EGAS Awards 6 Blocks to International Companies to Boost Exploration

The Egyptian Natural Gas Holding Company (EGAS) has awarded six new blocks to several international companies to maximize exploration investments. The investments injected are estimated at $245 million, and at lea ...

Five Blocks Awarded to Major Oil Companies through “Algeria Bid Round 2024”

Algeria’s National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT) has awarded exploration licenses of five regions, out of six, to leading oil companies through the “Algeria Bid Round 2024” competit ...

Four Companies Win Egypt Bid Round for Glass, Kaolin Sand Exploration

Mineral Resources Bid Round No. 1 for 2024 concluded with positive results, attracting participation from 20 mining companies and 19 private-sector firms bidding to explore glass sand and kaolin deposits in the Ea ...

Cabinet Greenlights $252mn in Energy Agreements

The Cabinet approved five petroleum concession agreements between the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of international companies. These ...

EUG Examines Promising Exploration Opportunities in Workshop

The Egypt Upstream Gateway (EUG) organized a specialized workshop to discuss promising exploration opportunities and undeveloped discoveries on the investment map. It reviewed 13 investment opportunities currently ...

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