PSA

  • Uganda, Nigerian Firm Finalize Oil Exploration Deal

    Uganda, Nigerian Firm Finalize Oil Exploration Deal

    Thursday, 15th June 2017
    Uganda is going to sign two oil production sharing agreements with a Nigerian firm today, enabling the company to begin exploration work.
  • Eni Amends Concession Agreements with Egypt

    Eni Amends Concession Agreements with Egypt

    Sunday, 15th November 2015
    Eni’s Egyptian subsidiary, IEOC, has signed 3 new amendments to its agreements with the Egyptian government. In a November 12th press release, the company announced the amendments for their concessions of Sinai 12 and Abu Madi, North Port Said, and Baltim. The company also announced a new concession agreement named “Ashrafi,” which will be a partnership with French electric utility company Engie.
  • Egypt to Renegotiate Contracts with IOCs

    Egypt to Renegotiate Contracts with IOCs

    Sunday, 25th October 2015
    Tarek El Molla, Minister of Petroleum and Mineral Resources, said that the ministry aims to renegotiate the current contracts with IOCs, in order to achieve economic balance between the foreign investor and state companies, reported Egypt Oil & Gas.
  • Aminex Shifts from PSAs to Royalty Payments in Egypt

    Aminex Shifts from PSAs to Royalty Payments in Egypt

    Tuesday, 25th August 2015
    Oil and gas company Aminex PLC announced that it has converted its stake in the West Esh El-Mallahah-2 production sharing contract in Egypt into a royalty.