Oil Egypt accountACCOUNT King Tut

Egypt Signs 3 Upstream Agreements with Apache & Merlon

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

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.



Egypt >>  1/11/2018 - The World Bank's Multilateral Investment Guarantee Agency (MIGA) announced that it will provide Egypt with $102.6 million in credit facilities to supp...
Egypt >>  1/11/2018 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the M...

Egypt >>  1/10/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mrs. Maria Moraeus Hanssen, CEO of the German company DEA and the accompanyi...
Egypt >>  1/10/2018 - TransGlobe Energy Corporation (TGL) (TGA) (“TransGlobe”) announces the 2018 capital budget and promotions. All dollar values are expressed in US dolla...

Egypt >>  1/8/2018 - The Minister of Petroleum and Mineral Resources, Tareq Al-Mulla, appoints Ali Fuad Badr as the Chairman of the Board of Directors of Amerya Petroleum ...
Egypt >>  12/28/2017 - Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan ...

Related Categories: Camp Building  Cleaning Equipment, Services  Construction Contractors  Corrosion Products/Services  Diving Contractors  Exploration  Food Supplies  General  Labor Services  Maintenance and Repair  Offshore/Onshore Construction  Oil & Gas Companies  Pipeline Services  Safety Services  Service Companies  Skilled Labors  Subsea Production  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Water Supply Services  Welding Products/Services 

Related Articles: Construction Contractors  Exploration  General  Labor Services  Maintenance and Repair  Offshore/Onshore Construction  Oil & Gas Companies  Pipeline Services  Safety Services  Subsea Production 

More News

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us