Middle East Economic Survey


No 32



Beach Energy To Acquire Onshore Egyptian Interest From KEC

Beach Energy has executed sale and purchase agreements signed with Kuwait Energy Company (KEC) to acquire equity in two onshore concessions in Egypt, it said on 4 August. Beach will acquire a 22% interest in the KEC-operated Abu Sennan Concession 300km west of Cairo, and a 15% interest in the Mesaha Area Concession in southern Egypt, with a total investment by the company of up...