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.…
2004
The Company makes a strategic move to diversify into gas production, seeking opportunities across Egypt and MENA region.…
1999
Purchases British Gas’s equity share in North Zaafarana field, offshore GoS.…
1998
Bought KUFPEC’s 73.5% equity share in Amal field, offshore GoS.…
1995
Acquired Shell’s 100% equity share in East Gemsa, offshore GoS.…