The deal commits Cheiron to a minimum investment of more than $42 million to drill three exploration wells and reprocess seismic data, as part of efforts to assess the area’s potential and find additional gas resources. Minister of Petroleum and Mineral Resources Karim Badawi said the new agreements were an important step towards speeding up […]
The Ministry of Petroleum and Mineral Resources has announced positive drilling results of Nasim-1X natural gas exploratory well in Tiba Concession in the Mediterranean Sea. Drilling operations and preliminary evaluation have revealed a gas-bearing interval with excellent petrophysical properties, with initial estimates indicating approximately 200 Bcf of natural gas in the reservoir. The Ministry highlighted that […]
Harbour Energy averaged a record 501,000 boed over the first nine months of the year, up 6 percent from a year earlier, and lifted full-year production guidance to 500,000-505,000 boed from 490,000-500,000 boed on strong operational performance and the integration of LLOG in the U.S. and Waldorf in the UK. Third-quarter production was 484,000 boed, […]
Egypt aims to quadruple gas production at the Obaiyed H-18 well to about 12 million cubic feet per day, up from about 3 million, through multistage hydraulic fracturing, Minister of Petroleum and Mineral Resources Karim Badawi said. Badawi outlined the target while inspecting operations at the well in the Western Desert’s Obaiyed field, operated by […]
Egypt plans to start the first phase of an ocean bottom node (OBN) seismic survey covering about 18,000 sq km of its Eastern Mediterranean waters within the next two weeks, Minister of Petroleum and Mineral Resources Karim Badawi said on Oct. 18. The aim is to improve natural gas exploration prospects.
Eni has launched start-up activities for the Meleiha Phase 2 (MP2) project in Egypt’s Western Desert, advancing development of a new gas hub within the Merged Meleiha concession. The project includes a gas processing facility designed to handle up to 100 MMcfd.
Egypt and Saudi Arabia signed a memorandum of understanding (MoU) to strengthen bilateral cooperation in oil, natural gas and petrochemicals, opening new avenues for energy-sector integration, investment and trade between the two countries. The agreement was signed by Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, and Saudi Arabia’s Minister of Energy, Prince Abdulaziz […]
Italian energy giant Eni is ramping up investment in Egypt, unveiling plans to drill 30 exploration wells and 200 development wells as it deepens its role in the country’s oil and gas sector. Eni Chief Executive Officer Claudio Descalzi met Egyptian President Abdel Fattah al-Sisi in El Alamein on Tuesday, along with Prime Minister Mostafa […]
Gas producer Energean (ENOG.L), opens new tab is in exclusive talks to buy some of BP’s (BP.L), opens new tab upstream oil and gas assets in Egypt, two people involved in the process told Reuters.The deal, which could raise about $1 billion for BP, includes its stakes in the producing offshore West Nile Delta assets, […]
Eni and partners bp and Egyptian General Petroleum Corp. (EGPC) are working toward a final investment decision (FID) for the Denise West gas discovery offshore Egypt within the next few months, targeting first gas in less than two years.