Kuwait Foreign Petroleum Exploration Company (Kufpec) said its Chinese subsidiary has signed three production sharing contracts (PSCs) covering exploration blocks located in the South China Sea adjacent to the Yacheng pipeline.
Algerian state energy company Sonatrach plans to intensify exploration by drilling 125 wells a year with a target of increasing production to 225 million tonnes of oil equivalent by 2019, it said.
The North Afr
Global oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic, data shows, potentially curbing supplies by the end of the decade.
As big o
BP Egypt has won two new exploration blocks as a result of the 2013 EGAS bid round, where the company and its partners have committed to invest a total of $240 million in the blocks over different phases.
The Block 3 – North
BP Egypt has started drilling the Atoll-1 well offshore, which is the second exploration well in the North Demietta Offshore concession discovered by the firm last year.
The deepwater exploration well will be drilled using the six
Italian oil major Eni said it had been awarded three new exploration licences in Egypt as it grows its footprint in Africa.
State-controlled Eni said in a statement it had been the successful bidder for the lic
Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm to cover seven exploration areas in the Suez Canal, Egypt's western desert, the Mediterranean sea and the Nile Delta.
Explorers are finding so little oil, many are retreating from high-risk frontier areas to safer bets like North American shale, executives at a major Norway oil conference said. This will likely force them to buy expensive discoveries once inv
Dana Gas, a leading regional private sector natural gas company, has signed an exploration deal for the North El Arish (Block 6) Concession Area, offshore the eastern Nile Delta.
The 2,980 sq km block was awarded in April 2013 as