{"id":615833,"date":"2024-02-25T00:00:00","date_gmt":"2024-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/energean-to-release-orion-results-in-two-to-three-weeks-plus-egypt-to-establish-tanzania-rwanda-logistics-corridor\/"},"modified":"2024-02-25T00:00:00","modified_gmt":"2024-02-25T00:00:00","slug":"energean-to-release-orion-results-in-two-to-three-weeks-plus-egypt-to-establish-tanzania-rwanda-logistics-corridor","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/energean-to-release-orion-results-in-two-to-three-weeks-plus-egypt-to-establish-tanzania-rwanda-logistics-corridor\/","title":{"rendered":"Energean to release Orion results in two to three weeks. PLUS: Egypt to establish Tanzania-Rwanda logistics corridor"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Energean gears up to announce Orion results: <\/strong>LSE-listed oil and gas company Energean will announce the results of exploratory drilling at its Orion X1 well \u201cin the next two to three weeks,\u201d the company\u2019s CEO Mathios Rigas told Asharq Business <a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1760607125779173737?s=20\" style=\"\" rel=\"noopener\">(watch, runtime: 2:38)<\/a>. The well, which could turn out to be \u201ca big discovery,\u201d is expected to cost between USD 140-150 mn to develop, Rigas added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Orion X1:<\/strong> Drilling at the East Mediterranean well, which is projected to hold c. 10 tn cubic feetof natural gas, reportedly began <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a295943e-e812-4cd6-9a7c-17fe8bff0426\" style=\"\" rel=\"noopener\">last fall<\/a>. The exploration rights are owned by Eni, Energean, BP, and Adnoc, Rigas said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt to <\/strong><strong>establish<\/strong><strong> Tanzania-Rwanda logistics corridor:<\/strong> The Transport Ministry is planning to set up a logistics corridor connecting Tanzania and Rwanda in a bid to facilitate the flow of Egyptian exports to Africa, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02fDHwL9qMjMcYLVF1N4SoL7xfLu117KjMpu5gQ78TJcDsU2GjiXr2f1D95HQUz5eKl\" style=\"\" rel=\"noopener\">ministry<\/a><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02fDHwL9qMjMcYLVF1N4SoL7xfLu117KjMpu5gQ78TJcDsU2GjiXr2f1D95HQUz5eKl\" style=\"\" rel=\"noopener\">statement<\/a>. The corridor will run from Dar es Salaam port in Tanzania and pass through a logistics zone and dry port, before reaching another logistics zone and dry port in Rwanda.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The well is projected to hold c. 10 tn cubic feet of natural gas<\/p>\n","protected":false},"author":1,"featured_media":615834,"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":[7209],"tags":[111,198,197,72,145,91,1275,190,8408],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-615833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-energean","tag-eni","tag-enterpriseam","tag-logistics","tag-oil-and-gas","tag-rwanda","tag-social-welfare","tag-tanzania","wpautop","entry"],"acf":{"mongo_id":"1bdb38ca-79bb-45e1-912e-33abdb685bea","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2307.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Energean to release Orion results in two to three weeks. PLUS: Egypt to establish Tanzania-Rwanda logistics corridor","related_issue":[615808],"teaser":"The well is projected to hold c. 10 tn cubic feet of natural gas","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.1a906318-9cee-41c4-a69b-1ad2557e8efc.mp3"},"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>Energean to release Orion results in two to three weeks. 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The news came as Energean CEO Mathios Rigas discussed the company\u2019s\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":596727,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/greeces-energean-to-acquire-edisons-oil-and-gas-portfolio-for-usd-750-mn\/","url_meta":{"origin":615833,"position":3},"title":"Greece\u2019s Energean to acquire Edison\u2019s oil and gas portfolio for USD 750 mn","author":"enterpriseam admin","date":"7 July 2019","format":false,"excerpt":"M&A WATCH- Greece\u2019s Energean to acquire Edison\u2019s oil and gas portfolio for USD 750 mn: Greek energy company Energean Oil & Gas is due to buy the oil and gas portfolio of Italy\u2019s Edison, which includes substantial assets in Egypt, the company announced in a statement (pdf). 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