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New General Manager for DEA Egypt

New General Manager for DEA Egypt

July 10, 2018 No Comments

DEA Deutsche Erdoel AG has named Sameh Sabry as the new General Manager of DEA Egypt. He will take over the responsibilities as of 1 August 2018. On the occasion of the handover, CEO Maria Moraeus Hanssen participated in the farewell reception for Thomas Radwitz who had been General Manager for nearly three years Sameh […]

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Eni announces a second oil discovery in the Faghur Basin

Eni announces a second oil discovery in the Faghur Basin

July 9, 2018 No Comments

Eni announces a second light oil discovery on the B1-X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 130 Km North of the oasis of Siwa. The well is the second one drilled by Eni to explore the deep geological sequences of the Faghur Basin. SWM B1-X has been […]

Eni completes 10% stake sale in Shorouk concession, offshore Egypt

Eni completes 10% stake sale in Shorouk concession, offshore Egypt

June 21, 2018 No Comments

Eni has finalized a 10% stake sale in the Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company. The Shorouk concession is offshore Egypt, where the supergiant Zohr gas field is located. Eni, through its subsidiary IEOC, now holds a 50% stake of the Contractor’s Share, while Rosneft holds 30%, BP 10% […]

Egypt’s largest solar PV plant now Operational

Egypt’s largest solar PV plant now Operational

June 13, 2018 No Comments

Wood recently supported Egypt’s largest solar photovoltaic (PV) power plant to commercial operation. The 64.1 MWp Infinity 50 Solar Park, which is located in Benban, Aswan, is part of Benban’s solar development complex. It is expected to produce over 110,000 MWh per year – enough electricity to power almost 69,000 homes. On completion, Benban Solar […]

Subsea 7 awarded contract offshore Egypt

Subsea 7 awarded contract offshore Egypt

June 13, 2018 No Comments

Subsea 7 announced today the award of a engineering, procurement, installation and commissioning contract by Burullus Gas Company for the West Delta Deep Marine Phase 9b development project, offshore Egypt. The scope includes connecting six new wells into existing subsea facilities using umbilicals and flexible flowlines. Project management and engineering work has already commenced at […]

Eni starts up the third production unit

Eni starts up the third production unit

June 11, 2018 No Comments

Eni announces the start-up of the third production unit (T-2) of the Zohr project, increasing the installed capacity to 1.2 bcfd. Zohr is now producing 1.1 bcfd in ramp-up, equivalent to approximately 200 thousand boed, of which 75,000 boed net to Eni at current working interest. This outstanding result has been achieved only a few […]

Dana Gas Gets Paid

Dana Gas Gets Paid

June 8, 2018 No Comments

Receives AED 146.8 million from Egypt Dana Gas PJSC (“Company”), the Middle East’s largest regional natural gas company, has received $40 million (AED 146.8m) from the Egyptian Government towards paying down its receivables. With this payment Dana Gas has received a total of $88.8 million (AED 325.9m) from Egypt during 2018. Dana Gas first entered […]

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Rosneft and Fleet Energy explore the possibility of joint gas supplies to Egypt

Rosneft and Fleet Energy explore the possibility of joint gas supplies to Egypt

June 4, 2018 No Comments

As part of XXII St. Petersburg International Economic Forum, Rosneft, Fleet Energy and Fleetliner Energy S.A. signed a Framework Cooperation Agreement. The document secures the intention of the Parties to explore the possibilities of establishing a joint venture in order to develop a supply chain for further gas supplies to industrial consumers in Egypt. The […]

Rehabilitation Project of Cairo West Power Station in Egypt

Rehabilitation Project of Cairo West Power Station in Egypt

May 11, 2018 No Comments

MHPS Signs Contract with CEPC Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has signed a contract with Cairo Electricity Production Company (CEPC) for the renewal of the Cairo West natural gas and heavy fuel oil-fired thermal power plant. MHPS will renew four existing power generation boilers with a rated output of 1,360 MW, extending their lifetime […]

Eni starts up the third production unit

Eni starts up the third production unit

May 10, 2018 No Comments

Eni announces the start-up of the third production unit (T-2) of the Zohr project, increasing the installed capacity to 1.2 bcfd. Zohr is now producing 1.1 bcfd in ramp-up, equivalent to approximately 200 thousand boed, of which 75,000 boed net to Eni at current working interest. This outstanding result has been achieved only a few […]

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