Growth drilling programme update - ENERGEAN

London, 7 November 2022 - Energean plc (LSE: ENOG, TASE: אנאג (is pleased to announce that i) the Zeus01 exploration well has made a commercial gas discovery of 13 bcm ii) contingent resources at Athena have been upgraded following post-well analysis; and iii) the Stena IceMax drilling rig has moved to block 23 to drill the Hercules structure, the final well in Energean’s 2022 drilling campaign.

Zeus well results

The Zeus exploration well, block 12, offshore Israel, has made a commercial discovery with preliminary estimates indicating that the structure contains 13.3 bcm of recoverable natural gas resources (pre-drill estimate 10 - 12 bcm). Energean is now undertaking post-well analysis of the data collected during drilling.

Athena resource upgrade

Energean’s reserve auditor, DeGolyer & MacNaughton (“D&M”), has certified contingent resources of 11.75 bcm in the Athena discovery, an increase of 3.75 bcm on the Company’s 8 bcm preliminary estimate. This increase follows post well studies undertaken on data collected during the drilling process.

Total says Lebanon offshore drilling halfway done - LEBANESE OIL & GAS INITIATIVE (LOGI)

MAR/30/2020

Timour Azhari

Lebanon’s first-ever offshore exploratory drill is roughly halfway complete in Block 4 off the coast of Beirut, according to the General Manager of Total E&P Lebanon, Ricardo Darre.

Speaking to LOGI on March 23, Darree said that the drilling was ongoing at a depth of about 3000 meters and would take a total of about 60 days. Then, he said the same amount of time should be given for analysis of the find to determine its commercial viability.

Gas has a future but must cut costs, Cyprus could see delay amid EEZ furore - CYPRUS MAIL

October 13, 2019

Dr Charles Ellinas

DURING this week I participated in three important conferences in London, which covered global gas and LNG developments and markets, including developments around the East Med. The key conference was Oil & Money, addressed by the CEOs of Shell, BP, Total, Saudi Aramco, ADNOC, Qatar Petroleum and the Secretary-General of OPEC.

Bob Dudley, CEO BP, summed up the challenges and opportunities facing natural gas. He said that gas can play a vital role in the transition towards cleaner energy, helping to meet energy demand, but it will need to be decarbonised. However, he also warned that “one of my concerns is that gas is being increasingly marginalised, even vilified, and demonized.”

While gas is cleaner than oil and coal, it is still a fossil fuel and is coming under attack from environmentalists who are calling for a rapid shift to renewable energy to prevent global warming. If the oil and gas industry does not propose and support solutions to climate change, the climate activists will dictate the policies of the future.

Total: 20-25% chance of success on Lebanon first exploratory well - LEBANON GAS NEWS

03.SEPT.2019

Total is the lead company in a consortium that won contracts in 2017 to explore for oil and gas in Lebanon’s maritime block’s 4 and 9. The other two companies are ENI and Novatek.

The consortium is contractually obliged to drill a minimum of two exploratory wells per block, starting with Block 4, where the first drill location has been set off the coast of Beirut.

What are the chances of drilling before the end of 2019?

Medserv Cyprus awarded logistics contract by Total - MEDSERV

01/07/2019

Earlier today Medserv announced that Medserv (Cyprus) Limited has been awarded a contract by Total E&P Cyprus to provide Shore Base Logistics services for drilling activities taking place offshore Cyprus.

The contract duration is for a firm period of one year with options to extend. Medserv (Cyprus) Limited will provide these services from its facilities in the port of Limassol. The award of this contract makes Total the third major International Oil Company to be working with Medserv in Cyprus, another major step to broaden the Group’s oil and gas client portfolio within the Eastern Mediterranean region.

Eni and Total are lining up a multi-well drilling programme off Cyprus. The drilling is expected to begin by the end of this year or early 2020. The two European majors plan to drill five wells, with one probe in each of five blocks.

Minister: Gas drilling at 8 sites off Cyprus over 24 months - THE WASHINGTON POST / ASSOCIATED PRESS

E&P companies with rights/participation in Cyprus' EEZ

May 21 at 4:10 PM

LIMASSOL, Cyprus — Cyprus’ energy minister says energy companies will drill in search of natural gas in waters off the east Mediterranean island nation’s southern coast at eight separate sites over the next two years.

Georgios Lakkotrypis said Tuesday that exploratory drilling would take place at six of those sites, while the remaining two would be to confirm gas deposits already discovered there.

Lakkotrypis didn’t specify the exact locations where the drilling would take place. He said that drilling would start at the end of this year or early 2020.

Energy companies including ExxonMobil, Total and Eni are licensed to conduct a hydrocarbons search off Cyprus. Gas has been discovered at three locations.

Cyprus accuses Turkey of violating its sovereign rights by attempting to drill in waters where it has exclusive economic rights.

Significant New Gas Discovery at Karish North - ENERGEAN OIL & GAS

London, 15 April 2019 - Energean Oil and Gas plc (LSE: ENOG, TASE: אנאג) the oil and gas producer focused on the Mediterranean, is pleased to announce that the Karish North exploration well has made a significant gas discovery.

Preliminary analysis indicates:

• Initial gas in place estimates of between 1 Tcf (28 Bcm) and 1.5 Tcf (42 Bcm).
• High quality reservoir in the B and C sands.

The well reached an intermediate TD of 4,880 meters approximately 7 days ahead of schedule. A gross hydrocarbon column of up to 249 meters was encountered and a 27 meter core was recovered to surface. Further evaluation will now be undertaken to further refine resource potential and determine the liquids content of the discovery.

Drilling of the initial phase of the Karish North well is now complete. As planned, Energean will now deepen the well to evaluate hydrocarbon potential at the D4 horizon.

Once operations are completed on Karish North, the Stena DrillMAX will return to drilling the three Karish Main development wells. Following this four well programme, Energean has six drilling options remaining on its contract with Stena Drilling. 

The Karish North discovery will be commercialised via a tie-back to the Energean Power FPSO, which is located 5.4km from the Karish North well. The FPSO is being built with total processing and export capacity of 8 Bcm/yr (775 mmcf/d), which will enable Karish North, and future discoveries, to be monetised. 

Energean Oil and Gas reveals start of well drilling campaign offshore Israel - PROACTIVE INVESTORS

04 Mar 2019 : 09:04 

Energean Oil and Gas PLC (LSE:ENOG) has started development drilling operations in its 2019 Israel well campaign, which will comprise at least four wells, but, could increase to as many as ten.

It initially has a programme of four wells at the Karish North project, which will see the ‘batch drilling’ of their top-sections, enabling significant operational efficiencies and cost savings.

The wells will be drilled by the contracted Stena DrillMAX drillship, which can operate in deep waters (up to 10,000 feet deep).

Energean last month told investors that it planned to target some 2.3 trillion cubic feet of potential gas resources through the 2019 drill programmes.

First gas is targeted in the first quarter of 2021.

Revealed: ExxonMobil's private dinner with Cyprus' top EU brass - EU OBSERVER

De Warande

BRUSSELS, 14 AUGUST 2018, 06:56
PETER TEFFER

Oil and gas firm ExxonMobil recently hosted Cypriot MEPs, Cyprus' highest EU diplomat and EU commissioner Christos Stylianides at a dinner in a private club in Brussels, to inform them about its offshore drilling plans near Cyprus.

However, no record was made of what was said at the out-of-hours private event, causing concern for campaigners on the question of the EU's transparency and accountability on meetings with lobbyists.

The dinner, held in April, was confirmed by all parties - but only after EUobserver asked the European Commission for information about the meeting in an access to documents request.

The commission's register of meetings had merely stated that Stylianides – a Cypriot – had a meeting with ExxonMobil about "update of exploration activities offshore Cyprus".

Shell starts Production in (9b) October 2018 - EAST MEDITERRANEAN GAS NEWS

Cairo August 3 2018
Suzan Nour

Rashid Petroleum Company (Rashpetco) to start production from the first two wells in phase two (9b) in the West Delta region deep waters of the Mediterranean Sea during the first half of October.

Adding eight production wells and two exploration wells will be completed in the third quarter of 2019 to reach overall production rates about 400 million cubic feet of gas and 3,000 barrels of condensate per day.

Energean extends Prinos development offshore Greece - OIL & GAS JOURNAL

HOUSTON, Feb/12/2018
Tayvis Dunnahoe, OGJ Exploration Editor

Energean Oil & Gas will drill as many as 25 wells and install two platforms as part of an investment program on the Prinos license offshore northeastern Greece. The $180-million investment will increase production from Prinos and Prinos North oil fields through 2021, as well as develop Epsilon oil field.

Energean announced the plan as an extension of the Prinos long-term offtake agreement with BP Oil International Ltd. through Nov. 1, 2025. The group’s Prinos basin oil production is currently sold to BP under the offtake agreement, which was originally signed in 2013 and covered the period until July 31, 2021. The 4-year extension will safeguard the group’s cash flow, Energean said.

The Energean Force offshore drilling rig will execute the proposed development wells, and the GSP Jupiter jack up rig will drill the first three Epsilon wells.

Energean also plans to develop its Katakolon field alongside the Prinos development. In September 2017, the operator said drilling and production would commence in 2019-20 pending government approval later this year

Transport ministry hits back in Limassol port dispute - CYPRUS MAIL

A EDT barge at Limassol port

JAN 22, 2018

Claims by the oil and gas services company EDT operating out of Limassol port that they have incurred damages because of omissions by the transport ministry are completely out of touch with reality, the ministry said on Monday.

In a brief statement following press reports that EDT was suing the government for €150m, the transport ministry said the claims had no legal basis, according to advice from their legal advisors.

On Sunday, left-wing Haravghi newspaper ran an article saying that according to the lawsuit, EDT claimed that since October 2016, the transport ministry and the minister, Marios Demetriades, kept giving assurances that developments regarding the privatisation of the port would “not cause any disturbance to the functioning of the work of our company “.

Operations at Limassol port were privatised at the beginning of last year.

The report also claimed that the ministry, through the Cyprus Ports Authority, handed down ultimatums to the company which effectively ended discussions that could have resolve outstanding issues although it did not specify what they were.

Exploratory drilling in Cyprus' EEZ to take place in July - SIGMA LIVE

06.04.2017 15:12

Exploratory drilling is set to take place in block 11 of Cyprus’ Exclusive Economic Zone (EEZ) in the first two weeks of July, a top Total official said, on Thursday.

Eleanor Rowley, Total’s VP of Exploration, MENA region, was addressing a ceremony, at the Presidential Palace, during which the contracts for exploration and production sharing for blocks 6 and 8 within Cyprus’ EEZ were signed.

“I’m happy to say that this will be the first test of the Zohr play in Cypriot waters. So we are very excited to operate this well along with our partners ENI,” she said.

SDX Starts Drilling Operations at SD-1X Well - RIGZONE

Monday, March 20, 2017
Rigzone Staff

SDX Energy Inc. has commenced drilling operations on the SD-1X well at its South Disouq concession in Nile Delta area of Egypt.

The well is targeting gas in the upper Abu Madi section and oil in the lower AEB & Abu Roash sections. Drilling operations are anticipated to take between 30 and 45 days, depending on what is encountered in the targeted intervals.

SDX also revealed that upon commencement of operations it has been granted a six-month extension to the first exploration period, until September 19. This will allow sufficient time for the SD-1X well results to be fully evaluated prior to making any decision to enter into the second exploration period at South Disouq, SDX said in a company statement.

Total to delay Block 11 drilling - CYPRUS MAIL

January 24, 2017

Elias Hazou

French oil major Total has alerted the government that its planned drilling for hydrocarbons in Cyprus’ economic waters will be pushed back to the summer.

According to daily Politis, the company has said that it will delay drilling its first exploratory well to June – rather than April, as indicated earlier.

The well, code-named Onisiforos, lies in Block 11, on which Total has a concession to explore for oil and gas.

The delay is attributed to the prior uncertainty over the location of the company’s onshore support base.

TransGlobe’s Egyptian assets to reach oil production targets - ECOFIN AGENCY

Friday, 23 December 2016 - 16:06
Anita Fatunji

(Ecofin Agency) - Canadian-based TransGlobe Energy in its update on Egyptian assets for the fourth and last quarter in 2016, announced that the North West Gharib (NWG) development plan for the NWG 3, NWG 16 and NWG 38 area was approved in early December.

The company said it completed the NWG 3 Early Production Facility (EPF) in mid-December and targets first production from NWG 3 at an estimated preliminary rate of 500 to 700bpd while the adjacent NWG 38 discovery well’s pipeline has been connected to the EPF and is expected to begin production before 2016 year-end.

Port deal will allow Total to drill on schedule - CYPRUS MAIL

December 23, 2016

Elias Hazou
A DEAL has been struck between the consortium holding the marine services concession at the port of Limassol and EDT Offshore, allowing French oil major Total to drill its first exploratory well on schedule.

The development means that EDT, can via their port facilities, provide onshore logistical support to Total who plan to drill around April next year.

The breakthrough, which sources said came after ‘marathon negotiations’ between EDT and P&O Maritime – the co-concession holders at Limassol port along with G.A.P. Vassilopoulos – was achieved.

Deal close on Limassol to clear path for Total - CYPRUS MAIL

December 16, 2016

Elias Hazou

THE consortium granted the marine services concession at the port of Limassol is very close to an agreement with oil and gas services company EDT Offshore, the Cyprus Mail has learned.

The deal, which sources said was imminent, would clear the path for oil major Total to drill their first exploratory well in Block 11 of Cyprus’ Exclusive Economic Zone.

“An arrangement between EDT and G.A.P. Vassilopoulos and P&O Maritime is expected sometime over the next few days,” sources apprised of the matter said.

It would allow EDT to provide Total with onshore logistical support out of the port of Limassol for a period of two years, effective immediately until the end of 2018.

The sources declined to elaborate pending the deal being finalised.

SDX Energy Inc Operations Update - SDX ENERGY INC.

14 November 2016

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to provide an operational update on its South Disouq and Meseda concessions in Egypt. 

South Disouq 

As previously announced on 10 October 2016, SDX’s initial assessment of the 3D seismic data at South Disouq was positive and identified potential for both oil and gas bearing prospects. Further interpretation of the data has now indicated several Abu Madi and Kafr El Sheikh prospects displaying strong Class III amplitude versus offset (AVO) responses. Testing of similar responses in offset areas has resulted in numerous discoveries at these stratigraphic levels. These responses have allowed SDX to high grade several prospects for drilling in the near term. These positive AVO responses further derisk the prospectivity in the area, allowing SDX and its partners to achieve the intended goal of the 3D seismic acquisition program. 

EGPC grants SDX Energy, PICO preliminary approval to extend drilling in South Ramadan concession - ENERGY EGYPT / ENTERPRISE PRESS

November 1, 2016

EGPC gave SDX Energy and PICO Petroleum preliminary approvals to extend drilling operations at the South Ramadan concession, SDX Energy’s country director Ahmed Moaz told Al Mal.

The preliminary agreement does not specify a date for the extension and includes the operators spending USD 23 mn in the project.

Moaz says the operators have not received a formal approval agreement yet, but says they are willing to agree to extending the drilling period terms even if they are just to July 2017, even though they have asked for it to be extended to July 2018.