Red Sea | Egypt Oil & Gas - Part 4

Egypt, Saudi Arabia Discuss Oil, Gas Opportunities

Egyptian Minister of Petroleum, Tarek El Molla, met with his Saudi counterpart, Khalid Al-Falih, to discuss oil and gas opportunities in the Red Sea and the cooperation between the two countries, Egypt Oil & Gas r...

Red Sea Bid Winners Permitted to Sell Production: Ganope

Ganoub El Wadi Petroleum Company (Ganope) announced that companies that will be awarded 10 exploration blocks in the Red Sea will have the right to sell their share of production locally or export it globally after th...

Chevron Eyes Oil, Gas Opportunities in Red Sea

Chevron announced its interest in the Egyptian oil and gas sector and the petroleum opportunities in the Red Sea in light of the bid round announcements by the Ministry of Petroleum, said Clay Neff, President of Chevr...

Egypt Chooses CRCICA for Red Sea E&P Agreement Disputes

Ganoub El Wadi Petroleum Company (Ganope) chooses to resort to the Cairo Regional Center for International Commercial Arbitration (CRCICA) in case of any disputes over its exploration and production (E&P) bid roun...

Saudi Arabia Discovers Gas Fields in Red Sea

Saudi Arabia discovered new natural gas fields in the Red Sea, according to the Saudi Press Agency (SPA) citing the Saudi Energy Minister Khalid Al Falih saying, Mubasher reported. Saudi Aramco will carry out feasibil...

Ganope Announces Red Sea Bid Rounds

Ganoub El Wadi Petroleum Company (Ganope) has invited oil and gas investors to offer their bids for exploration and production (E&P) in the Red Sea bid round, Egypt Oil & Gas reports. The bid round will be ope...

70% Gas Probabilities Discovered in the Red Sea

The results of geophysical data collection in the Red Sea, conducted by Schlumberger and Ganoub El Wadi Petroleum Company (Ganope), revealed gas discoveries probabilities exceeding 70% as per a seismic survey, a sourc...

Shell Awaits Red Sea E&P Tender

Royal Dutch Shell is waiting for the first exploration and production (E&P) bid round in the Red Sea, which is planned to be launched in few weeks. The company anticipates the official launch in order to study the...

Egypt Delays Red Sea E&P Bid Round until Q1 2019

Ganoub El Wadi Petroleum Company (Ganope) has postponed the Red Sea exploration and production (E&P) bid round to Q1 2019, a source at the company told Al Borsa. Bidding was originally planned to open in December ...

Red Sea E&P Bidding to Start in Two Weeks

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 has announced, Amwal Al Ghad reported. Th...

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