Eni announces the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession. Production in the Concession started just one year ago and is now in excess of 12,000 bopd.
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New gas discovery in the Mediterranean Sea offshore Egypt
Eni, BP and Total have successfully drilled the first exploration well in the North El Hammad license
Egypt sentences five to death for pipeline explosion
Five more were sentenced to 15 years in prison
Maersk Drilling secures one-well contract offshore Egypt
The contract value is approximately $3.8 million
Egyptian M&A 2020 outlook
The M&A activity in Egypt increased by nearly 286% from US$389 million in 2017 to US$1.5 billion in 2018, reaching US$1.6 billion in 2019
Egypt’s offshore segment poised for growth
After Egypt’s Red Sea exploration bidding round, the country’s offshore segment is ready to boom
Egypt awards Red Sea exploration concessions to Shell, Chevron, and Mubadala
This is Egypt’s first licensing round for the Red Sea, following successful bidding rounds across multiple regions
ExxonMobil secures exploration acreage offshore Egypt
The oil major, which primarily operates in the downstream sector in Egypt, secured more than 1.7mn acres offshore Egypt for exploration activities
Eni discovers new resources in the Gulf of Suez offshore Egypt
A rapid development plan is underway for the discovery with a “fast-track” approach, leveraging on existing infrastructures in the vicinity of the well and maximizing facilities
Shell Egypt to sell onshore assets in Western Desert
The company is selling its onshore assets as it aims to focus on offshore gas growth in Egypt