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Acquisitions and Divestitures News in Egypt

Sale of Dana Gas’ Onshore Egypt Producing Business to IPR Energy
Sale of Dana Gas’ Onshore Egypt Producing Business to IPR Energy 10/25/2020 - Dana Gas PJSC has entered into a binding agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group (“IPR”) for the sale of its onshore Egyptian producing oil and gas assets for a cons...
SDX Energy Announces Sale of Non-Core Egyptian Asset
SDX Energy Announces Sale of Non-Core Egyptian Asset 7/14/2020 - SDX Energy Plc (SDX) announces that it has disposed of its 50% working interest in the North West Gemsa licence, situated in the Eastern Desert of Egypt. The purchaser, Gulf Energy, a private Egyptian...
Noble Energy Provides Second Quarter Update
Noble Energy Provides Second Quarter Update 7/9/2020 - Noble Energy, Inc. (NBL) (“Noble Energy”) provided an update on multiple fronts, including second quarter sales volumes and cost performance.

Second Qua...
Completion of Disposal of Rockhopper Egypt Pty Ltd
Completion of Disposal of Rockhopper Egypt Pty Ltd 2/28/2020 - Rockhopper Exploration plc, the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to announce that following satisfaction of the requisite condi...
Apache & Pharos Energy among Bidders for Shell's Onshore Assets
Apache & Pharos Energy among Bidders for Shell's Onshore Assets 2/26/2020 - Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and Middle East bidders, two sources familiar with the matter told Reuters. ...
Update on Completion of Rockhopper Acquisition
Update on Completion of Rockhopper Acquisition 2/20/2020 - United Oil & Gas Plc (UOG) is pleased to announce the satisfaction of the regulatory conditions attached to its proposed acquisition (Acquisition) of Rockhopper Egypt Pty Ltd., which holds a 22% inter...
Neptune Energy Signs Operated Exploration Licence for Gulf of Suez
Neptune Energy Signs Operated Exploration Licence for Gulf of Suez 2/12/2020 - Neptune Energy signed an operated exploration licence with the Egyptian General Petroleum Corporation (EGPC) for Egypt’s North West El Amal Offshore Concession, underlining the company’s commitment to...
Wintershall Dea Signs Agreement for East Damanhour Exploration
Wintershall Dea Signs Agreement for East Damanhour Exploration 2/10/2020 - Wintershall Dea and Egyptian Minister of Petroleum H.E. Tarek El Molla have signed the concession agreement for the East Damanhour block. The block is located to the west of Wintershall Dea’s Disouq d...
Petroleum Ministry Signs 9 Exploration Agreements Worth $ 452M
Petroleum Ministry Signs 9 Exploration Agreements Worth $ 452M 1/20/2020 - Petroleum Minister Tarek el Mulla signed nine agreements on oil and gas exploration in the Mediterranean and Western Desert with total investments of dollars 452.3 million. ...
Exxonmobil Secures Exploration Acreage Offshore Egypt
Exxonmobil Secures Exploration Acreage Offshore Egypt 12/30/2019 - ExxonMobil said it has secured more than 1.7 million acres for exploration offshore Egypt. ...
Three Companies Win First Bid for Oil & Gas Exploration in Red Sea
Three Companies Win First Bid for Oil & Gas Exploration in Red Sea 12/29/2019 - Minister of Oil and Mineral Wealth Tarek el Mulla announced that three companies have won the first international bid launched by South Valley Egyptian Petroleum Holding Company (GANOPE) in March for ...
Zarubezhneft Entered into PSA for SEREU & EGZ Blocks in Egypt
Zarubezhneft Entered into PSA for SEREU & EGZ Blocks in Egypt 12/24/2019 - Zarubezhneft JSC, the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE and Pacific Oil Limited, have signed a Production Sharing Agreement for the South Ea...
Nostra Terra Provides Update on East Ghazalat in Egypt
Nostra Terra Provides Update on East Ghazalat in Egypt 11/19/2019 - Nostra Terra (NTOG) is pleased to announce that, further to the Company's announcement of 12 August 2019, Nostra Terra's wholly owned subsidiary, Nostra Terra Inc. (NTI) has reached a conditional agre...
Shell Appoints Citi for $1B Sale of Egypt Assets
11/15/2019 - Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said. ...
Israel-Egypt Gas Pipeline Deal Seen Imminent
Israel-Egypt Gas Pipeline Deal Seen Imminent 11/3/2019 - A deal that would transfer control of a natural gas pipeline between Israel and Egypt is expected to be closed in the next few days, the companies said.

Texas-based Noble Energy, Israel’...
Dragon Oil Acquires BP’s Stake in Gulf of Suez
Dragon Oil Acquires BP’s Stake in Gulf of Suez 10/21/2019 - As a part of its ongoing drive to be among regionally and globally ranked Oil and Gas companies, Dragon Oil Ltd. - the fully owned exploration and production platform of Emirates National Oil Company ...
Shell Egypt to Sell Assets in Western Desert
Shell Egypt to Sell Assets in Western Desert 10/20/2019 - Shell Egypt is to market its current onshore upstream assets in the Western Desert in order to fully concentrate on growing its Egyptian offshore exploration and integrated gas business. ...
Abu Sennan Transaction Update
Abu Sennan Transaction Update 10/7/2019 - Rockhopper Exploration plc (RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to provide the following progress update in relation to ...
BP to Divest Mature Oil Assets in Egypt to Dragon Oil
BP to Divest Mature Oil Assets in Egypt to Dragon Oil 6/3/2019 - BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company. Under the terms of the agreement, Dragon Oil will purchase producing a...
BP Nears Sale of Stake in Egyptian Oil Firm to Dragon Oil
BP Nears Sale of Stake in Egyptian Oil Firm to Dragon Oil 5/23/2019 - BP is nearing the sale of its stake in a major Egyptian oil and gas company to Dubai-based Dragon Oil for over $600 million, industry and banking sources said. ...

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