EGYPT: Capricorn Announces Ministerial Signing of Merged Concession Agreement

Capricorn announces that the Minister of Petroleum and Mineral Resources has signed the consolidated and amended concession agreement covering eight of the Company’s existing Egyptian Western Desert concession agreements in … Read More

EGYPT: Capricorn Receives $50m from the Egyptian General Petroleum Corporation

Capricorn has announced that it has received $50m from the Egyptian General Petroleum Corporation (EGPC). Since 30 June 2025, the Company has received a total of $102m, and its accounts receivable is approximately … Read More

EGYPT: EGAS Awards 6 New Exploration & Production Licenses

As part of the Ministry of Petroleum and Mineral Resources – Egypt ’ plan and strategy to attract new exploration investments, and to support current efforts to increase production, the … Read More

First Oil Achieved from the GNN Discovery in the Southern Gulf of Suez, Egypt

Cheiron has announced that the GNN-4 well, which was drilled to appraise the recent GNN oil discovery, has been completed and successfully tested at initial rates of over 2,000 bopd. … Read More