New Petroleum Agreement Signed in Egypt

Monday, February 1, 2016

In Egypt the government has signed a new petroleum agreement that will bring over $5 million into its coffers. The new agreement was signed between the Ministry of Petroleum, Ganope, and Trident Petroleum.

Under the agreement Trident will invest a minimum of $4.5 million, as well as a signature bonus of $500,000. Trident’s agreement is for Block 6, the North West of Tair Al-Bahr, in the Gulf of Suez.

The agreement is part of Ganope’s recent licensing round.

« GO BACK

You may also like

" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">

Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential

" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">

African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage

" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">

Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine

" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">

Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt

" alt="Sintana Completes Well Testing at Mopane 1-X in Namibia">

Sintana Completes Well Testing at Mopane 1-X in Namibia

" alt="Infill Drilling to Resume at the Ceiba Field in Equatorial Guinea">

Infill Drilling to Resume at the Ceiba Field in Equatorial Guinea

" alt="Uganda National Oil Company Appoints New Executive">

Uganda National Oil Company Appoints New Executive

" alt="World’s First Ammonia Dual-Fuel Aframaxes to be Developed by MISC">

World’s First Ammonia Dual-Fuel Aframaxes to be Developed by MISC