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Eni Extends Lease for Key Assets in Egypt Nile Delta

Eni Extends Lease for Key Assets in Egypt Nile Delta

August 14, 2018 No Comments

Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Development Lease (203 km2), where the Nooros field is located, and the execution of further exploration activities within El Qar’a Exploration Lease (64 km2). These assets are located in the “Great Nooros Area”, […]

Apex International Energy Receives Two Blocks In Egypt’s Western Desert

Apex International Energy Receives Two Blocks In Egypt’s Western Desert

December 6, 2016 No Comments

Apex International Energy said Dec. 2 it was awarded blocks 8 and 9 in the Abu Gharadig Basin in Egypt’s Western Desert by the Egyptian General Petroleum Co. (EGPC) from its 2016 bid round. Block 8 West Badr el Din and Block 9 South East Meleiha cover 6,714 square kilometers (2,592 square miles or 1.7 […]

Kuwait Energy signs Farm-Out Agreement with EGPC for Siba, Iraq

Kuwait Energy signs Farm-Out Agreement with EGPC for Siba, Iraq

October 31, 2016 No Comments

Kuwait Energy plc (“Kuwait Energy”) announced the signing of the Farm-Out Agreement (FOA) of a 20% participating interest from Kuwait Energy’s share in Siba, to the Egyptian General Petroleum Corporation (“EGPC”), which was signed in Egypt on Monday 24 October 2016. The signing ceremony was attended byTarek Al Molla, the Egyptian Minister of Petroleum, Tarek […]

Eni attains record production from Nooros field, Egypt

Eni attains record production from Nooros field, Egypt

September 12, 2016 No Comments

Eni reached a production of 700 million cubic feet of gas per day, corresponding to 128,000 barrels of oil equivalent per day (boed) of which 67,000 net to Eni, from Nooros field, discovered in Egypt in July 2015 in the Nile Delta offshore and put into production in September 2015. This record—setting production represents an […]

Saipem awarded new E&C contracts worth over €1.5 billion

Saipem awarded new E&C contracts worth over €1.5 billion

July 8, 2016 No Comments

Saipem has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of 1.5 billion euros. The most significant contract relates to the Field Development Project for the “supergiant” Zohr gas field, located off the Egyptian coast in the Mediterranean sea. Petrobel has awarded Saipem an Engineering, Procurement, Construction […]

TECHNIP, EGPC AND ASORC AGREEMENT FOR THE ASSIUT REFINERY

July 28, 2015 No Comments

Technip Italy S.p.A.* announced the finalization of a joint agreement with Egyptian General Petroleum Corporation (EGPC) and Assiut Oil Refining Company (ASORC) for the modernization project of the Assiut refinery, Upper Egypt, designed to refine the “bottom of the barrel” in the frame of the long-standing cooperation between Italian and Egyptian Governments and companies, especially […]

Tags: , , , Renewables

DEA farms out part of West Nile Delta project

May 25, 2015 No Comments

DEA Deutsche Erdoel AG has equalized its working interest and farmed down its stake in the West Nile Delta (WND) project in Egypt to its Joint Venture partner and operator BP in order to better balance its portfolio. The deal includes the sale of a portion of DEA’s stake in the ongoing Phase 1 development […]

Tags: , , News analysis

Eni has been awarded 3 new exploration licenses in Egypt

September 25, 2014 No Comments

Eni was the successful bidder of 3 new exploration licenses in Egypt as a result of the competitive 2013 EGPC and EGAS bid rounds. The new licenses will be formally awarded soon, after the ratification and finalization of the Concession Agreements. As a result of the EGPC bid round, Eni has been awarded a 100% […]

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Dana Petroleum plc 2012 Annual Results

June 25, 2013 No Comments

Dana Petroleum has announced solid results for 2012 as it continues to invest in long-term production growth. Financial Highlights 2012 Investing in £1 billion Western Isles project in UK North Sea 2012 profit after tax of £110.08 million (£182.50 million in 2011) Revenues increased by 0.4% to £1.09 billion in 2012 (£1.08 billion in 2011) […]

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