PTTEP pulls out of Egypt program

PTTEP has withdrawn its 30% participating interest from Sidi Abd El Rahman project offshore Egypt after fulfilment of the exploration work commitment.

Mar 31st, 2011

Offshore staff

BANGKOK, Thailand -- PTTEP has withdrawn its 30% participating interest from Sidi Abd El Rahman project offshore Egypt after fulfilment of the exploration work commitment.

The withdrawal will become effective on reception of official approval from the government of the Arab Republic of Egypt.

03/30/2011

More in Regional Reports
Location of the PL032 Discovery Area license in the offshore North Falkland basin
Rockhopper gets extension for offshore Falklands license
Rockhopper Exploration has secured an extension from the Falkland Islands government to the PL032 Discovery Area license in the offshore North Falkland basin.
Nov 4th, 2019
The Andaman II PSC is a 7,400-sq km (2,857-sq mi) block over the North Sumatra basin in the Malacca Strait, offshore Indonesia.
KrisEnergy to exit Andaman II PSC
KrisEnergy Ltd. has accepted a binding letter of offer by an unnamed major international oil and gas company to sell its 30% non-operated working interest in the Andaman II production-sharing contract in the Malacca Strait, offshore Indonesia.
Oct 29th, 2019
Location of the BM-S-54 concession in the presalt Santos basin offshore Brazil.
Ecopetrol joins Gato do Mato discovery offshore Brazil
Ecopetrol Óleo e Gás do Brasil Ltda has entered into an agreement with Shell Brasil Petróleo Ltda. to acquire 30% interest in two areas corresponding to the BM-S-54 concession agreement and the Sul de Gato do Mato shared production agreement.
Oct 22nd, 2019
Uruguay open round offshore blocks.
Uruguay open round presents unique offshore frontier opportunity
Uruguay is a reliable and stable country with above-ground risks minimized, which counterbalances the high exploratory risk.
Oct 21st, 2019
Prospects mapped in Lebanon share the same trends as those discoveries in the Eastern Mediterranean.
Lebanon offering more offshore blocks as majors prepare to start drilling
Lebanon has opened more offshore blocks to exploration under the country’s second licensing round.
Oct 21st, 2019
The Stena Forth, having drilled the Joe discovery well offshore Guyana, was due to transfer across the Atlantic for a new campaign offshore Ghana.
Global E&P
Oct 21st, 2019
How the Pioneering Spirit might remove and transport the redundant Gyda platform jacket.
Offshore Europe
Oct 21st, 2019
Talos Energy has secured a two-year extension to block 7 in the Sureste basin offshore Mexico.
Gulf of Mexico
Oct 21st, 2019
Ghasha ultra-sour gas concession offshore Abu Dhabi.
Lukoil joins Ghasha gas project offshore Abu Dhabi
The Abu Dhabi government and the ADNOC have awarded PJSC Lukoil Oil Co. a 5% stake in the offshore Ghasha ultra-sour gas concession.
Oct 15th, 2019
Block C-M-541 in the Campos basin is in a water depth of about 3,000 m (9,842 ft).
Majors detail offshore Brazil block awards
Brazil’s 16th bid round concluded with the award of 12 of the 36 offshore blocks offered, according to the National Agency of Petroleum, Natural Gas and Biofuels.
Oct 10th, 2019
Blocks POT-M-857, POT-M-863, and POT-M-865 in the Potiguar basin offshore northeastern Brazil.
Murphy to join Wintershall Dea in three blocks offshore Brazil
Wintershall Dea has agreed to farm down a 30% participating interest in three blocks in the Potiguar basin offshore Brazil to Murphy Brasil Exploração e Produção de Petróleo e Gás Ltda.
Oct 10th, 2019
Australia Map
Equinor awarded permit offshore Western Australia
Equinor has secured a new exploration permit in the Northern Carnarvon basin offshore Western Australia.
Oct 10th, 2019
Greater Buchan Area in the UK central North Sea.
Equinor declines North Sea Buchan area farm-in offer
Rockflow Resources has issued its report for operator Jersey Oil & Gas on resources in the Greater Buchan Area in the UK central North Sea.
Oct 8th, 2019
License P2366 in the UK central North Sea.
Hibiscus planning North Sea Crown-Marigold tieback
Anasuria Hibiscus UK has conditionally agreed to acquire license P2366 in the UK central North Sea from United Oil & Gas and Swift Exploration for up to $5 million.
Oct 8th, 2019