{"id":605035,"date":"2018-12-19T04:17:38","date_gmt":"2018-12-19T04:17:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/edison-gives-up-exploration-rights-in-north-east-concessions\/"},"modified":"2018-12-19T04:17:38","modified_gmt":"2018-12-19T04:17:38","slug":"edison-gives-up-exploration-rights-in-north-east-concessions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/edison-gives-up-exploration-rights-in-north-east-concessions\/","title":{"rendered":"Edison gives up exploration rights in North East concessions"},"content":{"rendered":"<p>Italy\u2019s Edison has forfeited its <a href=\"https:\/\/alborsaanews.com\/2018\/12\/18\/1162517\">natural gas exploration rights<\/a> in North East concessions Hapi and Theqa, <a href=\"https:\/\/alborsaanews.com\/2018\/12\/18\/1162517\">local news reported<\/a>. A new international tender for the concessions will be launched next year, an Oil Ministry source said, without specifying a time frame. Edison signed a USD 86 mn <a href=\"https:\/\/enterprise.press\/stories\/2017\/01\/08\/egas-signs-usd-86-mn-agreement-with-edison\/\">agreement with EGAS<\/a> in January 2017 for E&P operations. Oil Minister Tarek El Molla said in July the Italian company would begin drilling exploratory wells at the concessions in 2H2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italy\u2019s Edison has forfeited its natural gas exploration rights in North East concessions Hapi and Theqa, local news reported. A new international tender for the concessions will be launched next year, an Oil Ministry source said, without specifying a time frame. Edison signed a USD 86 mn agreement with EGAS in January 2017 for E&#038;P [&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":[7207],"tags":[3678,7135,93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605035","post","type-post","status-publish","format-standard","hentry","category-energy","tag-edison","tag-egas","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"8402588f-c433-44a6-8eaf-2c87d18681b4","order":"0","is_powered_by":true,"section_story_id":"97fee45d-9d91-4ec1-93fb-a50ad0c9fcff","story_type":"1","photo_url":"","photo_position":"above","related_issue":[605006],"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>Edison gives up exploration rights in North East concessions - 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\/2018\/12\/19\/edison-gives-up-exploration-rights-in-north-east-concessions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edison gives up exploration rights in North East concessions\" \/>\n<meta property=\"og:description\" content=\"Italy\u2019s Edison has forfeited its natural gas exploration rights in North East concessions Hapi and Theqa, local news reported. A new international tender for the concessions will be launched next year, an Oil Ministry source said, without specifying a time frame. 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The company\u2019s studies of the concessions show geological structures that indicate there is a \u201cgood chance\u201d the areas hold natural gas reserves. Edison had signed an USD\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605069,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/edison-has-not-abandoned-egypt-concessions\/","url_meta":{"origin":605035,"position":1},"title":"Edison has not abandoned Egypt concessions","author":"enterpriseam admin","date":"20 December 2018","format":false,"excerpt":"Italy\u2019s Edison says it has not given up oil and gas exploration rights in Egypt: Edison, the Italian oil company that is part of France\u2019s EDF, has denied reports in the domestic press (which we noted yesterday) that it has forfeited its right to explore for natural gas in the\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594321,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/eni-acquires-70-of-edisons-stake-in-north-east-hapi-mediterranean-concession\/","url_meta":{"origin":605035,"position":2},"title":"Eni acquires 70% of Edison\u2019s stake in North East Hapi Mediterranean concession","author":"enterpriseam admin","date":"27 October 2019","format":false,"excerpt":"M&A WATCH- Eni has acquired 70% of Edison\u2019s stake in Block 12 of its North East Hapi natural gas concession in the Mediterranean, an unnamed EGAS source said on Thursday, according to Reuters. The source did not disclose further details on the sale of the block, which Edison won in\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630392,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/19\/egas-ganope-sign-offshore-drilling-rig-purchase-agreement-with-toyota\/","url_meta":{"origin":605035,"position":3},"title":"EGAS, GANOPE sign offshore drilling rig purchase agreement with Toyota","author":"enterpriseam admin","date":"19 April 2018","format":false,"excerpt":"A string of news from the petroleum industry is worthy of your attention this morning, all stemming from the 9th Mediterranean Offshore Conference, which saw a number of IOCs on Tuesday \u2014 including Shell, Eni, and Edison \u2014 make commitments to expand and expedite their activities in Egypt: EGAS and\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646343,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/edison-looking-for-a-partner-to-drill-at-north-east-hapi-concession\/","url_meta":{"origin":605035,"position":4},"title":"Edison looking for a partner to drill at North East Hapi concession","author":"enterpriseam admin","date":"12 June 2017","format":false,"excerpt":"Italy\u2019s Edison is looking for a partner to begin drilling the first deepwater well at its North East Hapi concession. Drilling costs could surpass USD 100 mn, an unnamed EGAS source tells Al Shorouk. Edison had signed an USD 86 mn agreement with EGAS in January for E&P operations and\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652391,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/08\/egas-signs-usd-86-mn-agreement-with-edison\/","url_meta":{"origin":605035,"position":5},"title":"EGAS signs USD 86 mn agreement with Edison","author":"enterpriseam admin","date":"8 January 2017","format":false,"excerpt":"Italy\u2019s Edison signed an agreement with EGAS for E&P operations and drilling two new wells in the Northeast Hapi offshore concession, Al Shorouk reported. The agreement is for a minimum investment of USD 86 mn and includes a USD 1.5 mn signing bonus. Oil Minister Tarek El Molla said EGAS\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605035","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=605035"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605035\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/605006"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=605035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=605035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=605035"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=605035"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=605035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}