concession — Oil & Gas Glossary
The geographic area in which the government allows a company to operate.
In the News
Eni and BP Announce 2 Tcf Gas Discovery at Temsah Concession Offshore Egypt
Exploration & ProductionApr 11, 2026
Vermilion Energy Reports Q1 2026 Production of 125,000 BOE per Day, Doubles German Acreage With New Concessions
Exploration & ProductionApr 11, 2026
Eni and BP Strike 2 Tcf Gas Discovery Offshore Egypt in Temsah Concession, Denise W-1 Well Confirms Eastern Mediterranean Potential
Exploration & ProductionApr 8, 2026