{"id":573727,"date":"2020-08-16T04:05:10","date_gmt":"2020-08-16T04:05:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/gulf-energy-pays-usd-1-4-mn-to-north-petroleum-for-operations-at-egypts-north-gemsa\/"},"modified":"2020-08-16T04:05:10","modified_gmt":"2020-08-16T04:05:10","slug":"gulf-energy-pays-usd-1-4-mn-to-north-petroleum-for-operations-at-egypts-north-gemsa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/gulf-energy-pays-usd-1-4-mn-to-north-petroleum-for-operations-at-egypts-north-gemsa\/","title":{"rendered":"Gulf Energy pays USD 1.4 mn to North Petroleum for operations at Egypt\u2019s North Gemsa"},"content":{"rendered":"

Gulf Energy has paid off USD 1.4 mn in arrears SDX Energy owed to China\u2019s North Petroleum for production at the North West Gemsa concession, which SDX and North Petroleum were operating together, Al Mal<\/a> reports, citing an unnamed industry source. SDX sold its 50% working interest in the concession to Gulf Energy last month for USD 1.6 mn. The company\u2019s stake was priced at USD 3 mn, but the sale was priced at USD 1.6 mn to account for the arrears Gulf Energy would have to pay down. SDX Energy now plans to use the proceeds from the sales to expand its operations at its remaining concessions in Egypt, as well as other operations in Morocco.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gulf Energy has paid off USD 1.4 mn in arrears SDX Energy owed to China\u2019s North Petroleum for production at the North West Gemsa concession, which SDX and North Petroleum were operating together, Al Mal reports, citing an unnamed industry source. SDX sold its 50% working interest in the concession to Gulf Energy last month […]<\/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":[7207],"tags":[116,93,72,1451],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573727","post","type-post","status-publish","format-standard","hentry","category-energy","tag-china","tag-energy","tag-enterpriseam","tag-sdx-energy","wpautop","entry"],"acf":{"mongo_id":"8bb47412-a1e5-4413-a621-5c223e9ee7a5","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[573707],"teaser":"","voice_url":""},"yoast_head":"\nGulf Energy pays USD 1.4 mn to North Petroleum for operations at Egypt\u2019s North Gemsa - 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\/08\/16\/gulf-energy-pays-usd-1-4-mn-to-north-petroleum-for-operations-at-egypts-north-gemsa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gulf Energy pays USD 1.4 mn to North Petroleum for operations at Egypt\u2019s North Gemsa\" \/>\n<meta property=\"og:description\" content=\"Gulf Energy has paid off USD 1.4 mn in arrears SDX Energy owed to China\u2019s North Petroleum for production at the North West Gemsa concession, which SDX and North Petroleum were operating together, Al Mal reports, citing an unnamed industry source. 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PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners","author":"enterpriseam admin","date":"21 April 2024","format":false,"excerpt":"The company is also in the process of selling its assets in South Disouq","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1390.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637696,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/sdx-announces-completing-a-number-of-projects-in-egypt-in-3q2017-attributes-rise-in-profit-to-circle-oil-acquisition\/","url_meta":{"origin":573727,"position":2},"title":"SDX announces completing a number of projects in Egypt in 3Q2017, attributes rise in profit to Circle Oil acquisition","author":"enterpriseam admin","date":"22 November 2017","format":false,"excerpt":"SDX Energy announced completing a number of projects in Egypt during 3Q2017. 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