onshore | Egypt Oil & Gas - Part 2

ADES Renews Saudi Rigs Contracts

The contracts’ renewal term for all six rigs start during February 2019 as existing contracts expire.

ADES Wins Two Saudi Onshore Drilling Contracts

ADES International, an oil and gas drilling and production company, announced winning the bid for two onshore drilling contracts worth $150 million in Saudi Arabia.

Eni, OOCEP Win Onshore Production Sharing Deal

Italy’s giant Eni and Oman Oil Company Exploration and Production won an Exploration and Production Sharing Agreement for block 47 in Oman.

UAE’s Sharjah Awards Eni Onshore Exploration Concession

During the 2018 exploration bid round ceremony, Eni was awarded areas A, B & C onshore Exploration Concession Agreements from UAE’s Sharjah National Oil Corporation (SNOC).

PETRONAS Acquires 10% Stake in Oman’s Onshore Gas Field

Malaysia’s Petroliam Nasional Bhd (PETRONAS) has acquired 10% stake in Oman’s onshore gas field from Oman Oil Company Exploration and Production LLC (OOCEP).

Iran Drills New Wells in Three Months

NIDC drilled over 75 km of oil and gas wells using its drilling fleet during the first quarter of Iran’s current fiscal year.

Echo Energy Sells Stake to Partner Nostra Terra

Echo Energy has sold its 25% interest in Egyptian East Ghazalat licence to its joint venture partner, Nostra Terra.

Dana Gas Reports Strong Results in Egypt for Q1 2017

Dana Gas said that total receivables in Egypt increased in the first quarter of fiscal year 2017 to $283m, compared to $265m in Q1-16.

Shell to Sell Out Gabon’s Oil Assets to Carlyle Group

Royal Dutch Shell Plc has agreed to sell its onshore oil assets in Gabon to a unit of Carlyle Group LP for $587m. The deal is considered a further step in a $30b asset disposal program to help the Dutch company in re ...

Qatar’s Onshore Oil Price Hits $55.11 Per Barrel

Qatar’s onshore oil price in February marginally increased above its price in January to reach $55.11 per barrel - $10.11 above the $45-per-barrel rate previously approved in the state budget.

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