Cairn Energy plc has completed its acquisition of a portfolio of upstream oil and gas production, development and exploration interests in the Western Desert, onshore Egypt. VALUE The company and its consortium partner Cheiron Petroleum Corporation completed the purchase from Shell Egypt NV and Shell Austria GmbH (Shell). Cairn’s subsidiary, Capricorn Egypt, acquired 50% of […]
Tag: Egypt
Cairn appoints Eleanor Rowley as MD, Egypt
Cairn Energy plc has appointed Dr Eleanor Rowley as managing director, Egypt. The move follows the company’s acquisition of assets in the Western Desert. Dr Rowley was previously vice-president exploration at TotalEnergies for the Middle East, Caspian, North Africa and Southern Europe.
United spuds ASX-1X exploration well at Abu Sennan
United Oil & Gas plc said it started drilling the ASX-1X exploration well in the Abu Sennan licence, Egypt. DRILLING United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. Operations began on Saturday (14 August) on the ASX-1X exploration well, which is the company’s second, located some 7km […]
Altus appoints Mark Campbell as NE chairman of Egyptian subsidiary
Altus Strategies plc has appointed Mark Campbell as non-executive chairman and director of the company’s 100% owned subsidiary Akh Gold Holdings Ltd. He has also been named general manager of the Egyptian branch, that is being incorporated, of the latter company’s 100% owned subsidiary Akh Gold Ltd. Mr Campbell is based in Cairo and has […]
United raises production guidance after ‘landmark’ 2020
United Oil & Gas plc recorded its first year of revenues in 2020 and raised 2021 full-year production guidance for its licences in Egypt. ABU SENNAN Results for the year ended 31 December 2020 showed group profit of $850,000 with $9.1m (£6.5m) revenues from its Rockhopper Egypt acquisition (28 February – 31 December 2020). United’s cash capital […]