Exploration & Production

Egypt signs three oil and gas exploration deal with Shell and Apex

EgyptEgypt has signed three new oil and gas exploration deals, worth approximately US$81.4mn, with Royal Dutch Shell and the US-based Apex Oil Company, a move which is aiming to exploiting the oil and gas potential in several regions across the country

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Perenco takes half of Serept, Ashtart off Tunisia from OMV

PerencoAustria-based OMV has divested its 50 per cent stake in the offshore Ashtart oil field, located in the Gulf of Gabes in Tunisia, and another 50 per cent stake in the Tunisian oil and gas company Serept to the Anglo-French petroleum company Perenco

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DNO’s Tawke field stake rises in settlement with Kurdistan government

KurdistanThe Norwegian oil and gas operator DNO ASA has been assigned the 20 per cent interest in Kurdistan’s Tawke oil field as payments of receivables owed to the company for past crude oil deliveries

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Africa Re faces losses in South Africa and Middle East in H1 2017

Africa reAfrican Reinsurance Corporation (Africa Re) has announced that the losses in South Africa and in the Middle East pushed down the company’s net profit to US$7.6mn in the first half of 2017 from US$32.6mn in the same period in 2016

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Packers Plus and BP Oman achieve operational efficiencies in HPHT wells

Oman flag 1Packers Plus Energy Services Inc. has announced recent developments with BP Oman Exploration (Epsilon) Ltd. Collaborations include development of a customised completion system, successful installation and subsequent stimulation of two high pressure/high temperature (HPHT) wells in Oman's Khazzan field

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