exploration | Egypt Oil & Gas - Part 20

BG Acquires New Stakes in Newfoundland

British-based BG announced their partial acquisition of three exploration blocks off the coast of Newfoundland, CBC reported. The blocks are about 200 km east of Saint John’s, the national capital. Spain’s Repsol sold...

Sherif Ismail: Exploration Activity Important to Egyptian Economy

Prime Minister Sherif Ismail said that optimizing the usage of natural resources, boosting exploration activities, increasing local production, as well as reserves ensure maximizing the value added to the national eco...

Somalia’s Puntland Awards Contract for 2D Seismic Exploration to ION Geophysical

Somalia’s Puntland Petroleum Minerals Agency (PPMA), recently awarded ION Geophysical a contract to conduct 2D seismic studies off the Somalia coast, reported Offshore Engineer. While Puntland is officially part of th...

Circle Oil Renews Contracts for Tunisian Field

Irish oil producer Circle Oil recently renewed its contract for a Tunisian concession, The Irish Times reported. The renewed permit gives Circle drilling and exploration rights within the El Mediouni structure, and co...

EGPC to Announce New Bid Round

Sources at the Egyptian General Petroleum Company (EGPC) informed Egypt Oil & Gas (EOG) that the company is preparing to issue a new bid round before the end of the year. The Bid Round will include 15 Exploration ...

EGAS Technical Committee Evaluating IOC Bids for Mediterranean

The Egyptian Natural Gas Holding Company (EGAS) has announced the closing of its  2015 International Bid Round, where the Technical Committee has now begun evaluating bids, reported Egypt Oil & Gas. According to s...

Ganope Preparing to Launch Tar Sands International Tender

Ganope is to develop an integrated scheme for the exploitation of tar sands in a number of its concession areas in the South Valley, in preparation for the introduction of new international tender soon. Ganope Chairma...

Russia Expands Claims of Oil Resources in Arctic

Russian President Vladimir Putin recently stated that his country is laying claim to an additional 1.2m square km of territory in the Arctic, The BBC reported. Russia has been particularly active in the Arctic region ...

Uganda Moves to Start Oil Exploration in Virunga Region

The East African nation of Uganda opening up 6 blocks of land for oil exploration in the Virunga region, The Times reported. Ugandan authorities recently announced the 16 companies approved to bid for the concessions,...

Sea Dragon Producing a 1000 Barrels from its Petroamir Concession

Ahmad Farid Moazz, general manager of the Canadian oil exploration company Sea Dragon, confirmed that the company’s total production in Egypt is currently at 1,000 b/d. In exclusive statements made to Al-Mal newspaper...

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