Western Desert | Egypt Oil & Gas - Part 5

EGPC, Pharos Energy Agree to Amend Fayoum Concession Agreement

Pharos Energy and the Egyptian General Petroleum Corporation (EGPC) have agreed to amend the terms of El Fayoum Concession in the Western Desert, which will raise Pharos's cost recovery petroleum percentage from 3 ...

Shell Signs SPA with Cheiron, Cairn for Onshore Upstream Assets in Western Dessert

Shell Egypt has announced that it entered into a share purchase agreement (SPA) for its onshore assets in the Western Desert of Egypt, with a consortium made up of subsidiaries of Cherion Petroleum Corporation and ...

Egypt Offers First Digital International E&P Bid Round in 2021

The Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas Holding Company (EGAS) have offered the first digital international bid round in 2021 for petroleum exploration and production (E&P) opera ...

Egypt to Launch Oil, Gas Bid Round for 24 blocks

Egypt announced the start of a bid round for oil and gas exploration in 24 blocks, according to Reuters.

Eni Announces Oil Discovery in the Western Desert

Eni has made a new oil discovery in the Meleiha Concession in the Western Desert, adding an extra 10,000 barrels of oil per day (bbl/d) to the current concession production.

Parliament Approves Draft Laws for New E&P Agreements

The House of Representatives approved a law authorizing the Minister of Petroleum and Mineral Resources (MoP) to contract for exploration and production (E&P) projects across the republic.

TransGlobe Production Rebounds by 1% in October

TransGlobe's production in October showed significant progress with approximately 12,162 barrels per day (bbl/d), a 1% increase from Q3 2020 and below the revised budget expectations, with Egypt producing 10,303 b ...

GPC Conducts Civil Protection Training in the Eastern Desert Fields

The General Petroleum Company (GPC) has conducted civil protection training in the Eastern Desert’s fields in attendance of specialists in the field of civil protection.

Al-Sisi Permits Abu Sennan Concession Agreement Amendment

President Abdel Fattah Al-Sisi ratified law No. 155 of 2020 allowing for the amendment of the petroleum exploration agreement in the East Abu Sennan concession in the Western Desert.

Naftogaz’s Investments Surpass $535 MM in Egypt

Naftogaz of Ukraine’s investments in Egypt have amounted to over $535 million over the course of 14 years, Director of Naftogaz in Egypt, Fedir Baiuk, stated.

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