Egypt Chooses CRCICA for Red Sea E&P Agreement Disputes
Companies will have to submit their offers maximum by August 1st, 2019. Meanwhile, the designated agreement will have certain terms and conditions.
Companies will have to submit their offers maximum by August 1st, 2019. Meanwhile, the designated agreement will have certain terms and conditions.
Saudi Aramco will carry out feasibility studies to determine the exploration possibilities in this area during the upcoming two years.
The bid round will be open for 10 exploration blocks in Egypt's territorial waters in the Red Sea
The results of geophysical data collection in the Red Sea, conducted by Schlumberger and Ganope, revealed gas discoveries probabilities exceeding 70% as per a seismic survey.
Shell Egypt is waiting for the bid round to be launched in order to study the possibility of bidding in it, based on studying data and information related to the concessions in the bid round.
Ganoub El Wadi Petroleum Company (Ganope) has postponed the Red Sea exploration and production (E&P) bid round to Q1 2019.
The Ministry of Petroleum will open bidding for exploration and production (E&P) contracts in the Red Sea within the coming two weeks.
Minister of Petroleum Tarek El Molla inaugurated a workshop on November 19 organized by Ganoub El Wadi Petroleum Company (Ganope) on the oil and gas exploration and production (E&P) in the Red Sea.
State oil giant Saudi Aramco and petrochemicals company Saudi Basic Industries Corp (SABIC) will build a new integrated industrial petrochemicals complex in the port city of Yanbu on the Red Sea coast.
Egypt will launch the first oil and gas exploration and production (E&P) bid round in the Red Sea before the end of 2018 upon seismic reflection data processing.