Neptune started the offshore rig work for Yakoot in July. The company has said the well is targeting a structural trap with multiple reservoir targets.
Gulf of Suez
Egypt aims to add 10 GW of renewable power between 2023 and 2028. The Red Sea Wind Energy project is a first step for this.
Cheiron said the find demonstrated the Gulf of Suez’s remaining exploration potential, despite being relatively mature. The GNN field was the first discovery in the Nukhul formation, it said.
Shelf won more work in Egypt for its Trident 16 jack-up in January. Petrobel signed a one-year contract extension for the rig, with an option for another year.
Shelf Drilling has secured a one-year contract extension for the Trident 16 jack-up rig.
In this day and age, there is no space for a small cap oil company, according to TransGlobe Energy CEO and president Randy Neely, making the case for a tie up with Vaalco Energy.
Dragon Oil has made one of the biggest oil discoveries in the Gulf of Suez, according to Egypt’s Ministry of Petroleum and Mineral Resources.
Egypt has launched its first bid round of 2021 and a new digital platform collaboration, with Schlumberger.
Belayim Petroleum (Petrobel) has terminated the contract for Shelf Drilling’s Trident 16, only three months after extending it.
Neptune Energy has completed its acquisition of an ocean bottom nodes (OBN) multi-client survey on Egypt’s offshore North West El Amal block.
SDX Energy is set for a year of growth, although there are some concerns about impairments that might see it relinquish one of its longest-term producing assets.
TGS and AustinBridgeporth will begin acquiring an airborne gravity survey in Egypt in the first quarter of 2020.
Reporting success in Egypt’s Gulf of Suez, Eni has said it expects production to begin imminently.