offshore drilling - EastMed Energies

Egypt Mediterranean Block

Shell Signs FOA with KUFPEC for Stake in Egypt’s Mediterranean Block

  • by Doaa Ashraf
  • Wednesday, 20th September 2023

BG International Limited, a subsidiary of Shell plc, has announced that it signed a Farm Out Agreement (FOA) with KUFPEC, a wholly owned subsidiary of Kuwait Petroleum Corporation, where KUFPEC will acquire a 40% stake in Block 3 in NorthEast El-Amriya in the Egyptian Mediterranean Sea. A farm-out agreement (FOA) is a type of contract […]

Lebanon

Lebanon to Start Offshore Drilling for Natural Gas

  • by Doaa Ashraf
  • Wednesday, 16th August 2023

Lebanon plans to explore gas potential at Block 9, located off its southern coast, with the recent arrival of the Transocean Barents drilling rig, said Lebanon’s Public Works and Transport Minister Ali Hamie. “The arrival of the equipment marks an important step in the preparation for the drilling of the exploration well in Block 9, which will […]

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