Zarubezhneft Enters Egypt Offshore Blocks

Thursday, December 26, 2019
(Photo: Zarubezhneft)

Russian oil company Zarubezhneft said it has signed a Production Sharing Agreement with the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE and Pacific Oil Limited, for the South East Ras El Ush (SEREU) and East Gebel El Zeit (EGZ) blocks offshore Egypt.

The blocks are located some 10 kilometers apart in the Gulf of Suez. Estimated geological resources at both blocks amount to more than 200 million barrels.

With regard to SEREU, Zarubezhneft said it plans to drill a prospecting well with the construction of a pilot, main and sidetracks, as well as to re-process and comprehensively re-interpret previously conducted 2D and 3D seismic surveys.The company said it is also considering the possibility of attracting its own production capacities.

In relation to EGZ block, Zarubezhneft said it plans to implement work in the exploration and production areas, including the drilling of an exploration well in 2020.

Categories: Contracts Production Africa

Related Stories

Topsides for Cenovus Energy’s West White Rose Platform En Route to Canada

Topsides for Cenovus Energy’s West White Rose Platform En Route to Canada

TotalEnergies and Partners Sign PSC Extension for Deepwater Block off Angola

TotalEnergies and Partners Sign PSC Extension for Deepwater Block off Angola

Rex’s Akrake Set for July Drilling Ops off West Africa

Rex’s Akrake Set for July Drilling Ops off West Africa

Current News

UK Offshore Wind Industry Employs 40,000 People, New Report Finds

SLB Rolls Out Sequestri Carbon Storage Tech Portfolio

ExxonMobil Hires EnerMech for Decom Job in Gulf of America

UK's Crown Estate Plans $543M Investment in Offshore Wind Supply Chain

Subscribe for OE Digital E‑News

Offshore Engineer Magazine