PSC

  • Egypt Signs Agreement with APA to Modernize Production Sharing Contracts

    Egypt Signs Agreement with APA to Modernize Production Sharing Contracts

    Wednesday, 5th May 2021

    APA corporation announced that it has reached an initial agreement with the Egyptian Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corporation (EGPC) in the framework of modernizing the petroleum sector.

  • PETRONAS Achieves Gas Discovery in Malaysia

    PETRONAS Achieves Gas Discovery in Malaysia

    Wednesday, 24th February 2021

    ETRONAS Company announced that it has achieved natural gas discovery from Dokong- 1 exploration well in Block SK 417 which is located in in the shallow waters of Baram Province at offshore Malaysia.

  • Shell Egypt signs Two PSCs for Blocks in Red Sea, Mediterranean

    Shell Egypt signs Two PSCs for Blocks in Red Sea, Mediterranean

    Sunday, 3rd January 2021

    Shell Egypt has announced it signed production sharing contracts (PSCs) in the offshore and deep-water concession of the Red Sea at Block 3 with distance of 3,097 Km² and in the offshore North Kanayes of Herodotus Basin in the West Mediterranean concession by 30% share. The contracts are shared with Total company, the main operator of the project, by 35%, KUFPEC limited by 25% and Tharwa Petroleum company by 10% at distance of 4,445 Km².