Saipem has been awarded new onshore drilling contracts in the Middle East and in South America worth $70 million,
Cheiron Petroleum Corporation has agreed to purchase 50% of Shell’s upstream oil and gas interests in the Western Desert, according to press release. The remaining 50% of the interests will be purchased by Cheiron’s strategic partner, Cairn Energy plc, a new entrant into the Egyptian upstream sector.
The Minister of Petroleum and Mineral Resources, Tarek El Molla, discussed with the Deputy CEO of the Ukrainian company Naftogaz , Sergiy Pereloma, the available investment opportunities for oil and gas exploration and production (E&P).
The Canadian oil and gas company Zenith signed an agreement on 2nd March to acquire a working interest (WI) in an onshore oil production unit in Tunisia.
Predator Oil & Gas, a London-listed company, has signed a rig agreement with Star Valley Drilling to commence a drilling program on the Guercif licence onshore Morocco.
ADES announced that it has secured its first onshore deep drilling contracts under a lump sum turnkey project in Kuwait with Baker Hughes, a GE Company.
The five new blocks open for bidding are Offshore Block 3, Offshore Block 4, Offshore Block 5, Onshore Block 5 and Onshore Block 2, with the latter offering two separate licensing opportunities for conventional and unconventional oil and gas.