{"id":630672,"date":"2018-04-29T04:08:27","date_gmt":"2018-04-29T04:08:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/nostra-terra-refers-egypt-oil-dispute-to-arbitration\/"},"modified":"2018-04-29T04:08:27","modified_gmt":"2018-04-29T04:08:27","slug":"nostra-terra-refers-egypt-oil-dispute-to-arbitration","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/nostra-terra-refers-egypt-oil-dispute-to-arbitration\/","title":{"rendered":"Nostra Terra refers Egypt oil dispute to arbitration"},"content":{"rendered":"<p>A dispute between Nostra Terra subsidiary Sahara Resources Inc. and the operator of the East Ghazalat concession in Egypt has been referred to the London Court of International Arbitration, the UK-based oil and gas company said on Thursday, <a href=\"https:\/\/www.law360.com\/articles\/1037691\/nostra-terra-s-egypt-oil-dispute-referred-to-arbitration\">according to Law 360<\/a>. Sahara Resources Inc. owns a 50% non-operating interest in the concession, where it sees \u201csignificant scope\u201d to boost output. Nostra Terra purchased Echo Energy\u2019s 25% stake in the East Ghazalat concession for USD 500k in <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/18\/echo-energy-sells-25-stake-in-east-ghazalat-to-partner-nostra-terra\/\">June 2017<\/a>. The company is hoping to reach a settlement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A dispute between Nostra Terra subsidiary Sahara Resources Inc. and the operator of the East Ghazalat concession in Egypt has been referred to the London Court of International Arbitration, the UK-based oil and gas company said on Thursday, according to Law 360. Sahara Resources Inc. owns a 50% non-operating interest in the concession, where it [&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":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630672","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b82a41d5-a076-41aa-b955-ff3a74eb16bd","order":"0","is_powered_by":true,"section_story_id":"8997ddad-dffb-4afc-b4a8-fa920189c8ad","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630645],"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>Nostra Terra refers Egypt oil dispute to arbitration - 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\/04\/29\/nostra-terra-refers-egypt-oil-dispute-to-arbitration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nostra Terra refers Egypt oil dispute to arbitration\" \/>\n<meta property=\"og:description\" content=\"A dispute between Nostra Terra subsidiary Sahara Resources Inc. and the operator of the East Ghazalat concession in Egypt has been referred to the London Court of International Arbitration, the UK-based oil and gas company said on Thursday, according to Law 360. Sahara Resources Inc. owns a 50% non-operating interest in the concession, where it [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/nostra-terra-refers-egypt-oil-dispute-to-arbitration\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-29T04:08:27+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/nostra-terra-refers-egypt-oil-dispute-to-arbitration\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/nostra-terra-refers-egypt-oil-dispute-to-arbitration\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Nostra Terra refers Egypt oil dispute to arbitration\",\"datePublished\":\"2018-04-29T04:08:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/nostra-terra-refers-egypt-oil-dispute-to-arbitration\/\"},\"wordCount\":92,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/nostra-terra-refers-egypt-oil-dispute-to-arbitration\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/nostra-terra-refers-egypt-oil-dispute-to-arbitration\/\",\"name\":\"Nostra Terra refers Egypt oil dispute to arbitration - 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USD 100k will be paid after EGPC approves the sale, with the rest paid in two USD 200k tranches. \u201cThis acquisition represents a significant\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":595925,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/14\/arbitration-court-rules-against-nostra-terra-in-egypt-oil-payments-dispute\/","url_meta":{"origin":630672,"position":1},"title":"Arbitration court rules against Nostra Terra in Egypt oil payments dispute","author":"enterpriseam admin","date":"14 August 2019","format":false,"excerpt":"DISPUTE WATCH- Arbitration court rules against Nostra Terra in Egypt oil payments dispute: Nostra Terra Oil & Gas has been found in default of the joint operating agreement (JOA) governing its East Ghazalat joint venture in Egypt with North Petroleum International, the company said on Monday. The London Court 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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593194,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/20\/nostra-terra-to-exit-east-ghazalat-to-settle-oil-payments-dispute\/","url_meta":{"origin":630672,"position":2},"title":"Nostra Terra to exit East Ghazalat to settle oil payments dispute","author":"enterpriseam admin","date":"20 November 2019","format":false,"excerpt":"DISPUTE WATCH- Nostra Terra to exit East Ghazalat oil concession to settle payments dispute: Nostra Terra Oil & Gas subsidiary Nostra Terra Inc (NTI) has agreed to hand over its 50% non-operating stake in the Egyptian East Ghazalat concession to North Petroleum International Company in order to settle an ongoing\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":621968,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/transglobe-announces-capacity-from-well-at-western-desert-concession\/","url_meta":{"origin":630672,"position":3},"title":"TransGlobe announces capacity from well at Western Desert concession","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"TransGlobe Energy announced on Monday that its SGZ 6X exploration well in the Western Desert\u2019s South Ghazalat concession has a combined capacity of 3,840 bpd of oil and 2.4 mcf\/d of natural gas. The company\u2019s tests on the well\u2019s upper and lower formations were positive and have prompted it to\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":623283,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/transglobe-begins-drilling-new-well-at-western-desert-concession\/","url_meta":{"origin":630672,"position":4},"title":"TransGlobe begins drilling new well at Western Desert concession","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"TransGlobe Energy announced yesterday that it began drilling for oil at its SGZ 6X exploration well in the South Ghazalat concession in the Western Desert. The company also said that it successfully began production from two wells in West Bakr in the Eastern Desert, with output from each well currently\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":601042,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/petroceltic-to-seek-international-arbitration-against-egpc\/","url_meta":{"origin":630672,"position":5},"title":"Petroceltic to seek international arbitration against EGPC","author":"enterpriseam admin","date":"18 February 2019","format":false,"excerpt":"Petroceltic to seek international arbitration against EGPC: UK energy company Petroceltic is filing for international arbitration to recover back-due payments it claims it is owed by the state-owned Egyptian General Petroleum Corporation (EGPC), Petroceltic said in a statement on its website. \u201cWe do not threaten international arbitration lightly, but equally\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630672","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=630672"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630672\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/630645"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=630672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=630672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=630672"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=630672"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=630672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}