Issue: September 2016



  • Navigating through Production Sharing, Concession, and Service Agreements

    Production Sharing, Concession, and Service Agreements are the three basic types of the contractual arrangements executed in petroleum exploration and production. These agreements are concluded between the host country (HC), where the exploration and production operations will take place, whether in its onshore or offshore territories, and its national oil company (NOC) and a petroleum company (IOC). IOC may consist of one company or a group of companies (consortium) and might be local or international.


  • REMEMBERING DR. HAMDI EL BANBI The Father of Egypt’s Oil and Gas Industry

    Dr. Hamdi El Banbi, a petroleum engineer, who led Egypt’s Oil Ministry between 1991 and 1999, suddenly passed away at the age of 81 on August 11th 2016.
    Dr. Hamdi El Banbi has left behind a massive legacy that will continuously impact the Egyptian oil and gas industry. His inputs will serve as guiding principles for future visions and missions of the country’s different energy sectors, promising to boost its potential and capacity. His achievements range across various segments of the industry.


    Investments in Egypt’s oil and gas sector have remained fairly weak over the last few years. This reality emerged not only because of the nation’s high political risk and unstable economic situation, but also because some legal aspects within Egypt’s oil and gas regulatory framework failed to grant both the international oil companies (IOCs) and the privately-owned oil and gas companies the rights that they were seeking.

  • The New Gas Law between Drafting and Implementation

    Egypt is currently facing a gas deficit as a result of a drop in production levels at the same time as domestic energy consumption is rising. Drastic measures were required to return balance to the Egyptian gas market.
    In alignment with the ministry’s efforts to free the energy market, the Egyptian National Gas Holding Company (EGAS), guided by the Egyptian General Petroleum Corporation (EGPC) directives, set out to develop a competitive and transparent gas market in Egypt, by drafting a new legal and regulatory framework for the downstream segment, in what is being termed the New Gas Law.

  • Arbitration in Egypt: Myth or Reality?

    The Egyptian Judicial System has traditionally been regarded as the primary and sometimes exclusive forum for the settlement of legal disputes in Egypt. The country’s judicial system has, however, become increasingly overloaded, timely and notoriously procedurally complex over the past few decades, rendering it incapable of keeping up with the swift pace of modern business transactions.

  • Oil and Gas Arbitral Awards in Egypt

    The issue discussing domestic versus foreign arbitrations has dominated news in the energy industry in Egypt in the past months. It has become a key conundrum for oil, gas, renewables, and other energy companies that are operating in the country. Foreign energy investors have objected to the requirements by the government to hold all their dispute settlement processes in Egypt. Instead, they requested to have an option to file suits abroad with international arbitration centers, shall there arise any disagreements in the future.


    Iran has been taking steps towards boosting its oil dependent economy after finally lifting international sanctions against its energy sector. Announcing the new scheme of the oil and gas contracts, known as Iran Petroleum Contracts (IPCs), has encouraged foreign investors to strike deals with the Islamic Republic. As the new contract model replaced the old buybacks scheme, it has also raised critics and concerns in Tehran, leaving the future of the new oil contract up for debate. These disputes over the new IPCs, nevertheless, proved misplaced and invalid.

  • Protecting and Commercializing Advanced Petroleum Technology: The Role of Intelligent Energy Law in 2016

    The world of energy sustained a threefold shock to the system as the industry rolled into 2016. First, the impact of the COP21 Agreement reached on 12th December 2015 in Paris, which stressed the need to focus on the reduction of carbon emissions, had arrived definitively. This brought sharply into focus the International Energy Agency’s proposed “Bridge Scenario” which, it is claimed, could deliver a peak in energy-related emissions by 2020, relying solely on proven technologies and without changing economic development prospects of any region by virtue of five key initiatives: increased energy efficiency; the progressive reduction and phasing out of inefficient coal-fired power plants; phasing out fossil fuel subsidies by 2030; reducing methane emissions in oil and gas production; and increasing investment in renewable energy technologies from $270 million in 2014 to $400 billion in 2030.


    Mud logging is the creation of a detailed record - a well log - of a borehole by examining the cuttings of rock brought to the surface by the circulating drilling medium; most commonly known as drilling mud.