Egypt inks oil and gas deals worth $220M

Egypt has signed three new oil and gas exploration and production deals worth around $220 million. 

These deals were signed with the UK oil giant BP, French oil company Total, and the Egyptian subsidiary of the Italian oil company Eni.

The country’s energy ministry said the deals include drilling of six wells.

Eni was awarded the operatorship of the North El Hammad block with 37.5% interest, with BP and Total as its partners with 37.5% and 25% stake, respectively. According to the country’s energy ministry, this deal is worth $80 million.

Further, a consortium of BP and Eni’s Egyptian subsidiary, IEOC, signed a deal worth $75 million. Eni and BP will jointly participate in the North Ras El Esh block, operated by BP, with 50% interest, each.

In addition, BP alone inked a deal worth $65 million.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

OPITO Global – The Safety and Competence Conference

OPITO Global – The Safety and Competence Conference, is the only international event focused on debating…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event. It is unique in bringing together the oil & gas…

read more >

Ocean Energy Europe Conference & Exhibition 2018

The annual Ocean Energy Europe Conference & Exhibition is the meeting point for the whole ocean energy sector…

read more >

Africa Oil Week 2018

The event brings together governments, national oil companies, investors, corporate players, independents and financiers – giving them…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply