PGS gathering seismic data for Egypt’s West Mediterranean Bid Round in 2019 - ENERGY EGYPT / UPSTREAM ONLINE

JUNE 11, 2018 AT 2:34 PM

PGS to gather seismic data for Egyptian frontier licensing round.

Oslo-listed player to acquire 2D and 3D data in West Mediterranean ahead of licensing exercise.

Oslo-listed Petroleum Geo-Services (PGS) is set to acquire further seismic data off Egypt’s Western Desert this year in preparation for a planned West Mediterranean frontier licensing round.

According to geophysician Matthew Pyett of PGS, the company will collect nearly 14,000 kilometers of 2D data, as well as 7,000 square kilometers of 3D data, reports industry papers. According to Pyett, the West Mediterranean licensing round is set to be launched “sometime next year” and also suggested the licensing exercise could be split into two phases.

Schlumberger to complete Gulf of Suez seismic studies before end of 2018 - ENTERPRISE

Sunday, 20 May 2018

Oilfield services company Schlumberger is set to complete seismic studies in the Gulf of Suez before the end of this year, a source tells Youm 7. 

Norway’s TGS also expects to deliver final data in December this year after completing a 10,000-km 2D seismic surveyalong Egypt’s Red Sea border with Saudi Arabia. 

Schlumberger and TGS-NOPEC are two of five firms that were awarded contracts for scans in the area last year.

Energean farm out to Repsol for 60% of Ioannina block endorsed - ENERGY PRESS

06/09/2017

The energy ministry has endorsed an agreement between Energean Oil & Gas and Spain’s Repsol farming out 60 percent of the former’s exploration and exploitation rights to an onshore block in the Ioannina area, northwestern Greece.

Based on the agreement, signed last March, Repsol will also become the block’s operator.

At the time, the two firms had also reached a farming out agreement for a block in Etoloakarnania. This arrangement still needs to be endorsed in Greek Parliament before the energy ministry offers its approval.

Repsol intends to conduct a 2D seismic survey over the Ioannina block in 2017/2018 followed by an FTG airborne survey and a 2D geophysical seismic survey over the Etoloakarnania block in 2018/2019.

“Repsol’s know-how and Energean’s knowledge of the region undoubtedly reinforce the chances of new discoveries in western Greece and launch the development of the region into a new important reference point for the oil and natural gas sectors,” Energean Group Chairman & CEO Mr. Mathios Rigas had noted in the lead-up to this latest development.