News / Egypt
Maridive to hand out bonus share
Egypt's Maridive and Oil Services approved a dividend of one bonus share for every five held, a move that will boost its capital 20 percent to finance expansion, officials said on Monday. Sea Dragon fires up financing for Egyptian acquisition
Sea Dragon Energy Inc. announced that it has entered into an agreement with a syndicate of underwriters, co-led by GMP Securities L.P. and Thomas Weisel Partners Canada Inc. and including Genuity Capital Markets, FirstEnergy Capital Corp. and Maison Placements Canada Inc. Sea Dragon 2010 Work Program and Budget
Sea Dragon Energy provided this year's work program and budget for both NW Gemsa and Kom Ombo concessions, and considering 11 new projects with Tanmia Petroleum Company. BP and the Ministry negotiate to raise the gas price
The Egyptian Petroleum Ministry entered intensive negotiations with BP to reach an agreement to amend the price of gas in the North Alexandria concession, for the second time in three years, in order to speed up the process of pumping up investments estimated by $8.5 billion to develop the field. Al-Amir SE-5 begins production at a rate of 1500 bopd
Circle Oil Plc, the international oil and gas exploration, development and production company, is pleased to announce that the Al-Amir SE-5 appraisal well has been successfully connected and has commenced production in the Al-Amir Development Lease in the onshore North West Gemsa Concession in Egypt. West Kalabsha I-1X produces 4,554 barrels of oil, 10.1 MMcf of gas per day
Apache Corporation announced the West Kalabsha I-1X discovery in the Faghur Basin of Egypt's Western desert. The well, located approximately 10 miles southwest of Apache's Phiops Field, test-flowed at a rate of 4,554 barrels of oil and 10.1 million cubic feet (MMcf) of natural gas per day from 105 feet of net pay in the Jurassic Safa formation. TransGlobe Reviews Egyptian E&P Activities
TransGlobe Energy Corporation announces operational update on successful Egyptian exploration and development programs GPC: to extend Amer and Bakr contracts
General Petroleum Company (GPC) decided to extend both contracts of "Amer" and "Bakr" oilfields, located in its acquisition area in Ras Gharib, one of the leading centers of petroleum production in Egypt, in the Red Sea. Earlier, GPC said it would offer both fields to foreign partners. 
