Gulf Oil and Gas accountACCOUNT

Egypt Signs 3 Upstream Agreements with Apache & Merlon

Source: www.gulfoilandgas.com 8/26/2017, Location: Africa

Share |
Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources signed 3 new agreements to explore for Petroleum and Gas in the Egyptian Western Desert between the EGPC and the U.S. companies Apache Corporation and Merlon International, with investments of about $79 million, $41 million signature bonuses and drilling 17 exploratory wells.

The agreements were Signed by the Minister and Eng. Abed Ezz El Regal, CEO of the EGPC and David Chi, Vice President and General Manager of Apache Egypt as well as Geologist Maged Abd El Halim. Whereas, Eng. Mohamed Taher and Eng. Mohamed Mounes, the Ministry’s First undersecretaries and Geologist Ashraf Farag, the Ministry’s Undersecretary for Exploration and Agreements as well as Geologist Osama Farouk, Deputy CEO of EGPC for Agreements and Exploration, witnessed the signing ceremony.

The first two agreements were signed with Apache Corporation in North West Razak concession area in the Western Desert, with investments of about $61 million and South Alam El Shawish concession area in the Western Desert with investments of about $12 million. The third agreement was signed with Merlon International in Fayoum concession area, with investments of about $6 million.



Exploration News in Egypt >>

Australia >>  5/21/2018 - Comet Ridge Limited has announced that Easternwell’s Rig 101 spudded the Albany 1 sandstone appraisal well at 1430 hrs on Saturday 19 May 2018. At 060...
Egypt >>  5/21/2018 - Egypt will launch two international bid rounds for oil and gas exploration in 2018, the petroleum ministry said in a statement. ...

Argentina >>  5/18/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the succesful completion of drilling of the ELM-1004 explorati...
Argentina >>  5/18/2018 - Argentina has called on oil companies to submit proposals for offshore exploration areas, the country’s official gazette said on Friday, looking to ex...

Egypt >>  5/18/2018 - SDX Energy Inc., the North Africa focused oil and gas company, has announced the positive results of the well test conducted on the Ibn Yunus 1X well ...
Ghana >>  5/17/2018 - Ghana is set to award nine new upstream oil blocks for commercial exploration off its western coast beginning this year, the energy ministry said on T...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.