RWE Dea drilled two new wells in its acquisition area in North Edko, which showed low economical gas reserves and poor quality, as the gas contains more than 8% of CO2. ...read more
Petrogulf is awaiting the Egyptian General Petroleum Corporation (EGPC) approval on the drilling plan for the year 2010-2011. The company is planning to drill an exploratory well in its acquisition area in Gebel El Zeit with investments of $9 million. ...read more
Apache reported two new oil discoveries and a significant appraisal in the Faghur Basin in the far southwest of Egypt's Western Desert oil and gas province. ...read more
North Bahariya Petroleum Company (NORPETCO) finalized the drilling operation of "Ferdaus 12" well in the middle and bottom layers of Abu Roash sands, located in the company's acquisition area in Western Desert. ...read more
Despite a rise in discoveries of oil and natural gas, authorities in Cairo said they need to pursue nuclear power as their country runs out of fossil fuels. more...
During the first half of 2010, Melrose continued its active exploration and development work programme on its Egyptian acreage comprising the Mansoura, South East Mansoura and Qantara concessions onshore in the Nile Delta and the frontier Mesaha exploration concession in southern Egypt. more...
Apache Corporation won the endorsement of the Egyptian General Petroleum Corporation (EGPC) to originate a pipeline with the capacity of 24 inch, from Abu Al Gharadiq to Dahshur 220 km along and $550 million total cost. more...
Italian Edison entered negotiations with the Egyptian authorities to sell its share of the gas produced from the North Abu Qir field, which Edison won with a Signature Bonus of $1.4 billion. more...
RWE today announced that it has signed Cooperation Agreements with the Kurdistan Regional Government in Iraq with the aim of helping it to develop and design its domestic and export gas transportation infrastructure - creating a route to market for Kurdistan's major gas reserves. more...
Schlumberger has closed its merger with Smith International. As previously announced, each Smith stockholder will receive 0.6966 shares of Schlumberger common stock in exchange for each Smith share, with cash paid in lieu of any fractional shares of Schlumberger common stock. more...
Throughout the past eight years, the Ministry of Petroleum has been implementing an ambitious plan to develop its fields, whether the newly discovered ones or the brownfields.
"Tanmia has been established not just for developing the Egyptian fields and reduce cost recovery," that is how Eng. Mostafa Abdel Aziz, President of Tanmia Company, puts in plain words the role of the company, describing it as a sacred national goal
