BG International Limited, subsidiary of Shell plc., has signed a Farm Out Agreement (FOA) with KUFPEC (Egypt) Limited, under which KUFPEC (EGYPT) Limited will acquire a 40% stake in Block 3 (North East El-Amriya) in the Egyptian Mediterranean Sea
Exploration & Production
Welltec deploys new completion system in the Middle East
Welltec has launched the Welltec Expandable Anchor (WEA), a life-of-well completion system for anchoring in cased hole, which has already been deployed onshore and offshore in the Americas and the Middle East
Sercel launches new marine survey management solution
Sercel, a leading provider of software systems and services for seismic operations, has launched MetaBlue, a data-driven solution for marine seismic survey planning and management
ADES Holding to float on the Saudi Exchange
ADES Holding, the Saudi Arabia-headquartered oil and gas drilling and production services provider, is launching an initial public offering (IPO) and listing its shares on the Saudi Exchange
STRYDE successfully tests new in-field data processing service in the Middle East
STRYDE, a global leader in seismic acquisition technology and solutions, has launched STRYDE Lens, a new integrated in-field data processing service, which offers expedited access to interpretation-ready onshore subsurface images and has been successfully tested in the Middle East