ANGOLA ALGERIA CAMEROON CHAD. CONGO EGYPT.. EQUATORIAL GUINEA GABON LIBYA. NIGERIA SOUTH AFRICA SUDAN TUNISIA OTHERS
Hellenic Petroleum Signs Concession Agreement for Mesaha Area in Egypt
10-12-2007
Hellenic Petroleum's concession agreement for exploration and production of hydrocarbons in the Mesaha area of Egypt was signed October 9, 2007 between a conglomerates consisting of Melrose Resources, Hellenic Petroleum and Oil Search, the state authority Ganoub El Wadi and the Ministry of Petroleum. The Min
The unexplored sedimentary basin is bounded by the Sudanese border in Upper Egypt and has an area of 57,000 km2.
The initial exploration period is 4 years and can be extended to a maximum of 9 years. The gross financial commitment is $14.3 million and Hellenic Petroleum holds a 30% interest in the block.