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 Ministryís First undersecretaries and Geologist Ashraf Farag, the Ministryís 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 >>

Uruguay >>  9/18/2017 - The Ministry of Industry, Energy and Mining (MIEM) and the Uruguayan National Oil Company, ANCAP, launched the Uruguay Round 3, a bidding process for ...
Brazil >>  9/15/2017 - Concerning recent media articles, Karoon seeks to clarify its current strategy in Brazil. As announced and reported throughout 2017, Karoon is lookin...

Myanmar >>  9/15/2017 - Interra Resources Limited (Interra) is pleased to announce that further to the announcement dated 10 August 2017, its joint venture entity, Goldpetrol...
China >>  9/13/2017 - China National Petroleum Corporation (CNPC) and Eni have signed a cooperation agreement in order to cooperate in oil & gas exploration and production,...

United Kingdom >>  9/11/2017 - The Department of Economic Development has opened a licensing round to select suitably qualified applicants interested in potential hydrocarbon explor...
Iraq >>  9/8/2017 - DNO ASA, the Norwegian oil and gas operator, announced an agreement with ExxonMobil to join the Baeshiqa license in the Kurdistan region of Iraq. ...

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 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

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