This deal is part of Dragon Oil’s ambitious $13bn expansion plan
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Dana Gas starts drilling offshore Egypt exploration well
The Merak prospect may contain up to 4trn cubic feet of prospective natural gas resources
Dragon Oil to finalise acquisition in Egypt in coming months
In an exclusive interview with Oil & Gas Middle East, Dragon Oil CEO Ali Al Jarwan revealed the company’s progress on its $13bn expansion plans
Eni makes new gas discovery in Nour prospect offshore Egypt
The company is active in Egypt through subsidiary Ieoc
Egypt launches international bidding round for 10 Red Sea exploration blocks
The ministry said this falls within its strategy to “achieve optimum economic utilisation of all potentials and natural resources to contribute to the sustainable development of Egypt”
Eni granted two exploration blocks onshore Egypt
Existing infrastructure is expected to help speed up production if exploration is successful
BP will reportedly invest $1.8bn in Egypt in 2019
BP CEO Bob Dudley noted that since 2017, BP has invested more in Egypt than any other country
Mubadala Petroleum and BP to join Eni as partners in Nour concession in Egypt
Egyptian Government approved the sale of a 20% interest to Mubadala Petroleum and a 25% interest to BP out of Eni’s share in the Nour North Sinai Offshore exploratory concession
Eni sells 20% stake in Nour North Sinai Offshore concession in Egypt to Mubadala Petroleum
Eni is a main producer in Egypt, primarily through the Zohr gas field
Eni’s gigantic Zohr gas field in Egypt hits 2 billion cubic feet per day production
Egypt’s largest gas field was expected to produce only 1 billion cubic feet per day by mid-2018.