Sunday July 9, 2017
Mohamed Farag
Contract will be signed in two weeks for land areas in Western Sahara and Red Sea
WesternGeco Schlumberger and TGS have won contract for the collection of geophysical data in open land areas in the South Valley Egyptian Petroleum Holding Company in the Red Sea.
The two companies will collect the geophysical data in the South Valley Company in the Red Sea with investments worth $720m, according to Moustafa Abdel Ghaffar, manager of exploration in the company. The contracts will be signed within two weeks. The two aforementioned companies have made the best technical and financial offers.
Tuesday, February 21, 2017
Mohamed Farag
Ganoub El-Wadi Petroleum Holding Company (GANOPE) is negotiating with five companies on collecting geophysical data in open areas in the company’s business scope at a value of $1bn.
Osama Farouk, vice chairperson for agreements and exploration at GANOPE, said that the value of the offers received by the company is estimated at $758m. The value has increased to $1bn, and two offers to collect data are expected to be merged.
The company is negotiating with PGS, CGG, KGS, Schlumberger, and Nageco companies. Discussions with them are being held every day about the offered data and technology.
