OSLO, Norway (29 October 2021) - TGS, a global provider of energy data and intelligence, today announced a new 3D seismic survey in the Red Sea, Egypt, in partnership with Schlumberger. The project
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The Red Sea Block 4 has an estimated area of 3084 kilometre square and is owned by the South Valley Egyptian Petroleum Holding Company (Ganope). This new exploration block will support our strategy of finding and, if successful, developing hydrocarbons for Egypt’s expanding market and delivering organic growth opportunities to add to our existing business in the country, Bakheet Al Katheeri, Mubadala Petroleum’s chief executive, said.
The agreement builds on Mubadala Petroleum s Egypt portfolio that includes a 10 per cent stake in the Shorouk concession, containing the Zohr gas field, and a 20 per cent stake in the Nour exploration concession. Both are located in the Mediterranean Sea offshore Egypt.
Saturday, 2 January, 2021 - 09:45
A gas field in Egypt. (Reuters) Asharq Al-Awsat
Egypt has signed nine new agreements, valued at more than $1 billion, with six local and international companies for exploration of oil and natural gas, announced Ministry of Petroleum and Mineral Resources.
The ministry said in a press statement that the companies will drill 17 wells in the eastern and western Mediterranean Sea and regional water of the Red Sea.
The nine deals were concluded with Exxon Mobil Corporation, Chevron Corporation, South Valley Egyptian Petroleum Holding Company, and Total along with its partners: Kuwait Foreign Petroleum Exploration Company (KUFPEC), Shell, and Tharwa.