Category: History

2018

Cheiron was awarded the new North Zaafarana Concession for a period of 15 years. The Geisum & Tawila Concession was successfully extended until June 2027.…

2017

Cheiron was awarded the license and operatorship for Cardenas Mora in Mexico.…

2016

The Company expands its local footprint with the acquisition of two new fields in North Bahareya and West El Burullus , adding new basins to its asset base. Meanwhile a new Board of Directors is established with increased governance responsibilities, as opposed to a previous role limited to advisory.…

2015

Completed the first phase of the Amal development plan and awarded 100% of the North Magawish concession.…

2014

The Company negotiates the migration of its Mexican service agreement into a PSC and extends its licenses in Romania. On the local front the Company acquires SK share in the Zaafarana concession and signs an Amal gas sales agreement; meanwhile its Horus concession expires.…

2013

The Company is awarded the West Tawila exploration concession in the GoS and extends its Amal, Gemsa and South Ramadan concessions. Meanwhile, the Company’s diversification drive lead to gas facilities being commissioned at Amal on the local front while internationally the Company is awarded five royalty concessions in Romania.…

2012

Cheiron Petroleum Corporation (Cheiron) pursued opportunities beyond borders and was awarded a services contract in the area of Altamira in Northern Mexico. On the local front, Cheiron acquired a further 25% in Zaafarana field from Anadarko Petroleum.…

2011

Negotiated an extension for Amal, Gemsa and South Ramadan concessions, acquired operational control of South Ramadan and negotiated new gas pricing at Amal.…

2007

The Company acquires a 35% stake of the East Alamein concession in the Western Desert from Vegas Oil & Gas. During the same year the Company was awarded the first producing asset, Geisum, to be tendered by the Egyptian government with an exploration and development commitment of USD 120 million over the first three years.…

2006

Amal field gas clause approved by the Egyptian government, marking the Company’s entry into commercial gas production.…