Italian oil major Eni has completed its first appraisal well on the giant Zohr gas discovery in the deep water Shorouk block offshore Egypt. The firm, which is now preparing for a well test, says the latest well on Zohr confirms the Zohr鈥
OneSubsea was awarded a contract from BP Exploration (Delta) and partner DEA (Deutsche Erdoel AG), to supply subsea production systems for the West Nile Delta Giza/Fayoum and Raven fields, situated offshore Egypt. The scope of supply鈥
The first production test at Eni鈥檚 Zohr 2X appraisal well delivered some 44 MMcf/d of gas, offshore Egypt. Eni CEO Claudio Descalzi. Image from Eni. The Zohr 2X well, Eni鈥檚 first appraisal well on its giant Zohr discovery鈥
Gas production has started from the Zora gas field offshore the United Arab Emirates (UAE), according to operator Dana Gas. The project, using a fixed wellhead platform, started on 14 January, with sales gas produced by 28 February due鈥
BP has reported a 91% drop in Q4 2015 earnings, revealing the impact of the lowest oil prices in more than a decade on the business, and says oil prices look set to 'continue to be challenging in the near term.' The firm's full year underlying profit was a loss of $5鈥
Subsea 7 inked a contract estimated to be between US$50 million to $150 million with Burullus Gas Co. for the platform extension and tie-in on the first phase of BP's West Nile Delta development of the Taurus and Libra fields, offshore Egypt鈥
BP Egypt has completed its acquisition of 22.75% in the North Alexandria Concession and 2.75% in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel. The acquisition will bring BP鈥檚 working interest in both concessions of the West Nile Delta project to 82鈥
Petroceltic has opted to exit stakes in Greece and Egypt, following an announcement by the company's board that it has initiated a formal strategtic review of its business and assets due to breaching debt repayment obligations. In the 23 December announcement鈥
The Delek Group and its Leviathan partners are setting the record straight by refuting recent media reports regarding Leviathan鈥檚 development field plan. Map of Leviathan. From Noble Energy. Media鈥
Polarcus has announced it has signed a contract with an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus' RightBAND technique for broadband data acquisition. The project will commence in Q4 2015 and run for approximately two and a half months.
Italian giant Eni and the Egyptian Government entered into an agreement for three amendments for the IEOC concessions, both onshore and offshore Egypt that will see the Italian giant make an additional investment of more than US$2 billion in the next four years鈥
Despite the massive cut backs the industry is facing, including cuts to exploration programs, drill bits continued to spin in 2015. Elaine Maslin reports. Atwood Achiever. Photo from Atwood Oceanics鈥
Less than eight months after its discovery, BP and the Egyptian government signed a heads of agreement to rapidly progress the development of the Atoll deepwater field offshore Egypt as early as 2018. BP's鈥
New analysis is estimating that Eni鈥檚 Zohr natural gas discovery has significant technical, commercial, and strategic implications for the gas market in Egypt, according to IHS Energy. Map of Zohr鈥
The Mediterranean and North African region is largely considered to be a promising frontier oil and gas area, and yet, border tensions, and internal disputes have seriously held back exploration efforts. Audrey Leon surveys the prospects鈥
