{"id":569163,"date":"2020-02-16T05:45:25","date_gmt":"2020-02-16T05:45:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/egypt-inks-its-first-westmed-oil-gas-exploration-agreements-as-egyps-wraps-up\/"},"modified":"2020-02-16T05:45:25","modified_gmt":"2020-02-16T05:45:25","slug":"egypt-inks-its-first-westmed-oil-gas-exploration-agreements-as-egyps-wraps-up","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/egypt-inks-its-first-westmed-oil-gas-exploration-agreements-as-egyps-wraps-up\/","title":{"rendered":"Egypt inks its first WestMed oil, gas exploration agreements as EGYPS wraps up"},"content":{"rendered":"<p><a id=\"tldr-story-07\" class=\"content-anchor\"><\/a> <strong>Egypt inks its first WestMed oil, gas exploration agreements:<\/strong> The Oil Ministry signed yesterday MoUs with five international oil companies \u2014 Royal Dutch Shell, Chevron, BP, Total, and ExxonMobil \u2014 for deepwater oil and gas exploration and production off its western Mediterranean coast, Minister Tarek El Molla told Sky News Arabia TV, <a href=\"https:\/\/www.reuters.com\/article\/us-egypt-oil\/egypt-agrees-with-five-energy-firms-on-exploration-in-mediterranean-minister-idUSKBN2090DS\">according to Reuters<\/a>. The agreements cover seven concessions, and will see exploratory drilling beginning early next year, El Molla said. No further details were provided.<\/p>\n<p><strong>The news came two days after the 2020 Egypt Petroleum Show wrapped.<\/strong> Here are the key takeaways from the final day:<\/p>\n<p><strong>Enppi, Petrojet, Technip, and ANOPC signed an agreement to set up a USD 2.5 bn mazut hydrocracking complex in Assiut<\/strong>, according to <a href=\"https:\/\/ent.news\/2020\/2\/Oil-Ministry-6-02_15_2020.pdf\">a ministry statement (pdf)<\/a>. The facility is expected to produce 2.8 mn tonnes of petroleum products annually, which will help cut down on Egypt\u2019s imports.<\/p>\n<p><strong>EGPC gives greenlight to Emirati fuel delivery startup Cafu:<\/strong> Dubai-based fuel delivery app <a href=\"https:\/\/www.cafu.com\/\">Cafu<\/a> signed an MoU with the Egyptian General Petroleum Corporation (EGPC) at the conference that will see the EGPC \u201cprovide regulatory support\u201d to the company in its entry to the Egyptian market, Cafu <a href=\"https:\/\/ent.news\/2020\/2\/CAFU-Release-English-February-12-2020.pdf\">said in a statement (pdf)<\/a>. The company had announced its plans to expand to Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/19cc531e-7945-4d48-bc55-94e7a15ed5da\">last week<\/a>. No details were provided on the expected timeline or investment value.<\/p>\n<p><strong><a href=\"https:\/\/ent.news\/2020\/2\/Oil-Ministry-Statement-5-02_15_2020.pdf\">Other agreements (pdf)<\/a><\/strong><strong> signed on the final day of the conference:<\/strong><\/p>\n<ul>\n<li>The Egyptian Natural Gas Company (GASCO), Enppi, and Petrojet signed an MoU to expand GASCO\u2019s Western Desert gas complex and boost the facility\u2019s capacity to 1.5 bcf\/d from 600 mcf\/d.<\/li>\n<li>The Suez Methanol Derivatives Company signed an MoU with the Egyptian Maintenance Company to construct a methanol derivatives facility in Damietta.<\/li>\n<li>The Egyptian Natural Gas Holding Company (EGAS), Egyptian Drilling Co., and Vantage International signed MoU to begin a deep sea drilling training program.<\/li>\n<li>The Egyptian Gas Services Company signed agreements with Clarkson Shipping Agency and the Sahara Petroleum services Company (SAPEsco) for the provision of support services for natural gas tankers, navigation and port transactions.<\/li>\n<\/ul>\n<p><strong>El Molla also held talks with the heads of ExxonMobil and Aramco<\/strong>, a <a href=\"https:\/\/ent.news\/2020\/2\/Oil-Ministry-Statement-2-02_15_2020.pdf\">ministry statement said (pdf)<\/a>.<\/p>\n<p><strong>In other oil news, SDX Energy has begun drilling the Salah well in South Disouq<\/strong> and is expected to reach a targeted depth of approximately 9k feet in late March\/April, <a href=\"https:\/\/polaris.brighterir.com\/public\/sdx_energy\/news\/rns_widget_investors\/story\/w38jkdr\">according to a company statement<\/a>. The Salah well should connect to the same Kafr el Sheikh and Abu Madi formations that SDX Energy\u2019s existing four wells are already extracting from. SDX plans to drill a new well in the same region upon conclusion of Salah\u2019s drilling. The company also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dee362ae-14c4-4b9a-825d-832f7117bf96\">announced<\/a> that it has plans to drill three wells in South Disouq, West Gharib between February and June, earlier this month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt inks its first WestMed oil, gas exploration agreements: The Oil Ministry signed yesterday MoUs with five international oil companies \u2014 Royal Dutch Shell, Chevron, BP, Total, and ExxonMobil \u2014 for deepwater oil and gas exploration and production off its western Mediterranean coast, Minister Tarek El Molla told Sky News Arabia TV, according to Reuters. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[196,780,899,942,72,778,91,2324,803,2380,195,1990,4593],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569163","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-bp","tag-chevron","tag-egypt-petroleum-show","tag-enppi","tag-enterpriseam","tag-exxonmobil","tag-oil-and-gas","tag-petrojet","tag-royal-dutch-shell","tag-speed-round","tag-tarek-el-molla","tag-totalenergies","tag-western-mediterranean","wpautop","entry"],"acf":{"mongo_id":"fd34334b-1da4-45f4-b486-b15b48fcfc64","is_powered_by":true,"section_story_id":"452adb89-769a-4d1d-a084-7aa4d511604a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[569146],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt inks its first WestMed oil, gas exploration agreements as EGYPS wraps up - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/egypt-inks-its-first-westmed-oil-gas-exploration-agreements-as-egyps-wraps-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt inks its first WestMed oil, gas exploration agreements as EGYPS wraps up\" \/>\n<meta property=\"og:description\" content=\"Egypt inks its first WestMed oil, gas exploration agreements: The Oil Ministry signed yesterday MoUs with five international oil companies \u2014 Royal Dutch Shell, Chevron, BP, Total, and ExxonMobil \u2014 for deepwater oil and gas exploration and production off its western Mediterranean coast, Minister Tarek El Molla told Sky News Arabia TV, according to Reuters. 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An unspecified number of companies will kick off the surveys as soon as the House of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/143.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589549,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/05\/oil-majors-to-invest-usd-1-8-bn-here-by-2025-in-search-for-gas\/","url_meta":{"origin":569163,"position":1},"title":"Oil majors to invest USD 1.8 bn here by 2025 in search for gas","author":"enterpriseam admin","date":"5 July 2023","format":false,"excerpt":"Chevron, Eni, ExxonMobil, Shell, and BP will drill a total of 35 wells by 2025","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/101.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569106,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/13\/egypt-signs-several-oil-and-gas-agreements-mulls-even-more\/","url_meta":{"origin":569163,"position":2},"title":"Egypt signs several oil and gas agreements, mulls even more","author":"enterpriseam admin","date":"13 February 2020","format":false,"excerpt":"The volume of oil and gas news stepped up a gear yesterday amid a flurry of activity on the second day of the Egypt Petroleum Show (EGYPS). The key takeaways and announcements: ECHEM signs agreement with previously unknown English consortium for USD 8.5 bn Alamein petrochem facility: The Egyptian Petrochemicals\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568634,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/29\/egypt-exxonmobil-sign-usd-332-mn-in-oil-and-gas-agreements\/","url_meta":{"origin":569163,"position":3},"title":"Egypt, ExxonMobil sign USD 332 mn in oil and gas agreements","author":"enterpriseam admin","date":"29 January 2020","format":false,"excerpt":"Egypt, ExxonMobil sign USD 332 mn oil and gas agreements: The Oil Ministry has signed two new agreements with ExxonMobil for oil and gas exploration in the Mediterranean, according to a cabinet statement. The US company will invest a minimum USD 332 mn to drill seven wells, paying the Egyptian\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/731.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558941,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/03\/oil-gas-news-steps-up-a-gear\/","url_meta":{"origin":569163,"position":4},"title":"Oil + gas news steps up a gear","author":"enterpriseam admin","date":"3 January 2021","format":false,"excerpt":"The Oil Ministry signed nine oil and gas exploration agreements worth more than USD 1 bn with six international and Egyptian companies \u2014 ExxonMobil, Chevron, BP, Total, Royal Dutch Shell, and South Valley Egyptian Petroleum Holding Company \u2014 to drill 17 new wells in parts of the Mediterranean and Red\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/21.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581438,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/14\/conference-report-flatish-lng-exports-to-eu-dana-gas-to-commit-more-to-egypt-greenifying-the-petroleum-industry\/","url_meta":{"origin":569163,"position":5},"title":"Conference report: Flat(ish) LNG exports to EU, Dana Gas to commit more to Egypt + greenifying the petroleum industry","author":"enterpriseam admin","date":"14 February 2023","format":false,"excerpt":"The EU doesn\u2019t expect to import more LNG from Egypt this year: Last year\u2019sagreement to boost natural gas exports to the EU from Israel and Egypt will allow Cairo to \u201ckeep the relatively high volumes of LNG that it delivered to Europe last year,\u201d EU Energy Commissioner Kadri Simson told\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/EGYPS-2023-2.13.23-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=569163"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569163\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/569146"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=569163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=569163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=569163"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=569163"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=569163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}