Capricorn builds an Egyptian platform for growth
The Edinburgh-headquartered producer sees its basin-entry acquisition as just the start of a journey that could even take it beyond oil and gas
UK-listed independent Capricorn Energy acquired, alongside local partner Cheiron, a portfolio of upstream oil and gas production, development and exploration interests in Egypt’s Western Desert from Shell in September last year. But, as Capricorn COO Paul Mayland tells Petroleum Economist, the deal is just the beginning of the journey. Mayland is upbeat about Egypt’s prospects, not least due to political will to support the sector that is not simply words but is translating into practical action on paying bills, reforming agreements and innovating on licensing. And he believes Capricorn brings a great deal to the Egyptian table in terms of its previous experience—leaving it well placed not o
Also in this section
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026