Petroleum Africa
Find us on: 
Thursday, February 13, 2020
Neptune Energy has signed an operated exploration license with the Egyptian General Petroleum Corporation (EGPC) for Egypt’s North West El Amal Offshore Concession, paving its way for growing the independent oil and gas 3D seismic company’s presence in North Africa.
Neptune will acquire 100 sq km of 3D seismic data and drill one exploration well under the first phase of its commitment, with two further wells planned in phase two.
The North West El Amal Offshore concession covers 365 sq km and is located in the central part of the Gulf of Suez, about 42 km south of Ras Gharib and 105 km north of Hurghada.
The signing ceremony was held at the Egypt Petroleum Show (EGYPS) and was attended by Minister of Petroleum and Mineral Resources, His Excellency Eng. Tarek El Molla, CEO of EGPC, Abed Ezz El Regal; Neptune Energy’s CEO Jim House, VP North Africa & Asia Pacific Philip Lafeber and Egypt Managing Director Gamal Kassem.
Neptune CEO, Jim House said: “Our strategy is to invest and grow our presence in Egypt which is an important market for Neptune. We are committed to strengthening our presence in North Africa through exploration and production activities.
“This is another important step for Neptune in the region and we’re pleased to build on our strong relationships with our partners and with the Ministry.”
Egypt Managing Director, Gamal Kassem added: “The Gulf of Suez provides many promising prospects and we look forward to working closely with EGPC to grow Neptune’s business in Egypt.”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
