{"id":635463,"date":"2017-12-05T03:53:17","date_gmt":"2017-12-05T03:53:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/exxon-mobil-looking-to-invest-in-egypts-offshore-fields\/"},"modified":"2017-12-05T03:53:17","modified_gmt":"2017-12-05T03:53:17","slug":"exxon-mobil-looking-to-invest-in-egypts-offshore-fields","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/exxon-mobil-looking-to-invest-in-egypts-offshore-fields\/","title":{"rendered":"Exxon Mobil looking to invest in Egypt\u2019s offshore fields"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Exxon Mobil knocking on Egypt\u2019s door:<\/strong> Government officials and industry sources said Exxon Mobil is looking to invest in Egypt\u2019s offshore oil and gas fields, <a href=\"https:\/\/www.reuters.com\/article\/us-exxon-mobil-egypt\/exclusive-exxon-eyes-egypts-offshore-oil-and-gas-sources-idUSKBN1DY009\">Reuters reports<\/a>. Oil Minister Tarek El Molla says company officials already met with him to discuss upstream operations. \u201cWe have been discussing with them, visiting them. They\u2019ve visited us... We are exploring all opportunities for having more and further upstreamers in Egypt \u2026 I would be happy to have them with us,\u201d he says. A source says Exxon conducted a portfolio profitability reassessment in Egypt following the discovery of Zohr and is looking for \u201ctier-one assets\u201d with significant potential. The company is reportedly also looking at assets in the Red Sea, where the government is expected to tender some exploration blocks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exxon Mobil knocking on Egypt\u2019s door: Government officials and industry sources said Exxon Mobil is looking to invest in Egypt\u2019s offshore oil and gas fields, Reuters reports. Oil Minister Tarek El Molla says company officials already met with him to discuss upstream operations. \u201cWe have been discussing with them, visiting them. They\u2019ve visited us... We [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635463","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a698fd8d-5123-4698-b947-da39059b3194","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[635454],"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>Exxon Mobil looking to invest in Egypt\u2019s offshore fields - 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\/2017\/12\/05\/exxon-mobil-looking-to-invest-in-egypts-offshore-fields\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exxon Mobil looking to invest in Egypt\u2019s offshore fields\" \/>\n<meta property=\"og:description\" content=\"Exxon Mobil knocking on Egypt\u2019s door: Government officials and industry sources said Exxon Mobil is looking to invest in Egypt\u2019s offshore oil and gas fields, Reuters reports. 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The awards include the 1.2 mn North Marakia Offshore block near the north coast, and 543k acres in the North East El Amriya Offshore block in the Nile Delta. Exxon\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":568634,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/29\/egypt-exxonmobil-sign-usd-332-mn-in-oil-and-gas-agreements\/","url_meta":{"origin":635463,"position":1},"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":632437,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/banque-misr-partners-with-visa-and-exxon-mobil-to-provide-electronic-payment\/","url_meta":{"origin":635463,"position":2},"title":"Banque Misr partners with Visa and Exxon Mobil to provide electronic payment","author":"enterpriseam admin","date":"11 February 2018","format":false,"excerpt":"Banque Misr and Visa are rolling out electronic payment at 100 Exxon Mobil petrol stations, according to AMAY.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546530,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/shell-subsidiary-acquires-exxonmobils-offshore-mediterranean-block\/","url_meta":{"origin":635463,"position":3},"title":"Shell subsidiary acquires ExxonMobil\u2019s offshore Mediterranean block","author":"enterpriseam admin","date":"19 May 2022","format":false,"excerpt":"Shell subsidiary BG International is acquiring 100% of ExxonMobil\u2019s North East El Amriya offshore gas block under a farm-out agreement, according to a press release (pdf) from Shell. BG will become the sole operator of the block once the transaction \u2014 which is pending government and regulatory approvals \u2014 is\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/251.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601960,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/14\/exxon-considers-israeli-oil-and-gas-exploration\/","url_meta":{"origin":635463,"position":4},"title":"Exxon considers Israeli oil and gas exploration","author":"enterpriseam admin","date":"14 March 2019","format":false,"excerpt":"In a potential boost to Egypt\u2019s regional gas ambitions, Exxon considers Israeli oil and gas exploration: US oil giant ExxonMobil is considering oil and gas exploration in Israeli waters, giving a further boost to regional plans for an East Med natural gas market, a source told Reuters. 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