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Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla stated that The new investment climate and political stability are encouraging more global companies, such as Eni, BP, Exxonmobil, and Shell to increase their investments in Egypt which expects investments of at least $750 million to $800 million in the first stage of exploration in the 12 concessions.
| The investment plans/spending plans at a glance |
| Country |
Exploration Progress |
Investments |
| EGAS |
39 wells in the Western Desert |
$164.5 million |
| The Egyptian General Petroleum Company (EGPC) |
10 wells |
$34.5 million |
| Neptune Energy |
3 wells |
| Shell Egypt |
6 wells in the west of Faiyum |
$24.7 million |
| 5 wells in the southern east of Horus |
$24.7 million |
| 3 wells in Abu Sinan |
$7.8 million |
| IEOC Production BV |
4 wells in South East Siwa |
$17 million |
| Exxonmobil, BP, IEOC, Total, Shell and Petronas |
2 wells in North East Amereya Offshore |
$100 million |
| BG and Petronal |
1 well in Sidi Gaber Offshore area |
$60 million |
| Dea |
7 wells in in East Damanhour Onshore Concession |
$28 million |
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Don’t miss the chance to attend the Offshore MENA Congress 2019, June 11-12, Cairo, Egypt, which we will focus: Egypt, Lebanon, Israel, Cyprus, Oman, UAE, Algeria, Bahrain, Libya and more.
You will have the opportunity to gain the first-hand Information onsite. And the congress will equip you with knowledge and commercial insight to drive your business forward in 2019 and beyond.
>> Click here to review the completed agenda
Reply to the email to see what opportunities are available and explore how we can highlight your organization at Offshore MENA Congress 2019on June 11-12, Cairo, Egypt.
>>Last 5 seats with 10% discount; Last 1 Booth and Last 1 Speaking Slot for Sponsors!
Past Review
>>Lebanon’s 2nd Offshore License Round is scheduled
>>Eni will start drilling for oil in Bahrain in 2019 Bahrain oil minister
>>BP, Eni join hands to pursue new exploration opportunity in Oman
>>Contractors prepare bids for Aramco’s Marjan offshore packages
Best Regards
Vivien Miao | OceanFuture – Global Deepwater Series Conference | SZ&W Group
Email: vivienm@szwgroup.com
Tel: +86 21 5830 0710 ext 8098 | Mob: +86 185 2140 7816
Offshore MENA Congress 2019
4th East & Southern Africa Deepwater Congress 2019
4th East & Southern Africa Gas & LNG Conference 2019
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