Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Digitalisation the new normal
Covid-19 has accelerated the shift towards greater digital maturity for oil and gas operators
Mixed outlook for Mauritania’s upstream
As a major LNG scheme continues to advance on the Mauritania-Senegal border, other Mauritanian upstream prospects may be left behind
Iraq shrugs off partner uncertainty to lift long-term target
The country has lifted its long-term production target to 8mn bl/d despite continued murmurings about IOC dissatisfaction
Great Australian Bight closes for business
Santos joins the list of developers to withdraw from the region, deeming it too risky
TotalEnergies and Angola sign block 29 deal
The country’s offshore upstream remains a draw for IOCs even as they grow increasingly selective about their portfolios
Bay of Bengal gas project advances
Reliance continues to progress its KGD6 development, but the scheme has experienced some delays
Iraq and IOCs: A complex web
Baghdad needs to improve its relationship with international partners. But beware assuming there are easy answers
Letter from Africa: Upstream opportunities abound as majors step back
There are plenty of large sellers and smaller buyers, but there may be a medium-size missing piece
Unlocking southern Iraq’s oil
Baghdad’s revisiting on contractual terms may need to be radical to stop IOC flight and offer alternatives to China
BP and Eni in Angola JV talks
The companies are considering combining their oil, gas and LNG assets in Angola into a new joint venture
BP Egypt
Peter Ramsay
5 August 2020
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Egyptian optimism

One of the more regressive fiscal regimes and a generally challenging environment are not enough to dampen United Oil & Gas’ enthusiasm for the Western Desert.

Anglo-Irish independent United Oil & Gas completed in March a deal struck last year to enter the Egyptian upstream by buying UK producer Rockhopper’s 22pc non-operated stake in the onshore Abu Sennan concession. It is fair to say that the world changed between the transaction’s announcement and its consummation. But, in a reminder that the micro is as important as the macro, the asset also significantly altered. Due to a new well drilled in December, Abu Sennan will yield c.1,700bl/d to United, nearly double the rate expected at the time that the deal was agreed. Petroleum Economist spoke to United CEO Brian Larkin to find out more. What attracted you to Egypt? Larkin: United as a compan

Also in this section
Momentum builds for Alaska LNG
12 June 2025
Asian and European interest gathers pace as Trump throws his weight behind frontier state
Indonesia’s upstream picks up the pace
12 June 2025
The government is optimistic that increasing offshore activity and exploration will help revive flagging production, despite energy security fears
Letter from the US: Energy needs require a rethink
12 June 2025
Tariffs, AI, critical minerals and emerging markets all raise fundamental policy questions
Petroleum Economist: June 2025
12 June 2025
The June 2025 issue of Petroleum Economist is out now!

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search