News / Egypt
Sameh Fahmy: 25 billion dollars exploration investments
Eng. Sameh Fahmy, the minister of petroleum announced that the government will increase investments in oil exploration in the next ten years to reach up to $ 25 billion, in addition to attracting more foreign investments to the local market. GDF and Dana Petroleum’s new Gas discovery
GDF Suez (Gaz de France) announced the Papyrus-1X well gas exploration, located offshore Nile Delta in west El Burullus concession. Melrose discovers gas reserves of 30 Bcfe onshore Egypt
Melrose Resources plc, the oil and gas exploration and production company, is pleased to announce a new exploration discovery and commencement of seismic data acquisition in Egypt. Sea Dragon Energy Inc. announces a significant increase in its oil production
Sea Dragon Energy Inc. is pleased to announce that its current working interest share of production from the N.W. Gemsa and Kom Ombo Concessions has now reached 1,475 bopd. Maridive to expand fleet, invest in Cameroon
Managing Director of Egypt's Maridive & Oil Services, Issa Eleish announced that the company is planning to spend $200 million to expand its fleet of vessels and take advantage of the rise in oilfield services demand. Japan’s AOC delays start of Egypt oil output to 2012
AOC, Japan's Arabian Oil Company, announced its second delay for crude oil production from Egypt's offshore Northwest October block in the northern Gulf of Suez. EGPC to announce bid awards
Abd El Alim Taha, chief executive of the Egyptian General Petroleum Corporation (EGPC), said that EGPC will announce the results for its latest oil and gas bid round within the coming two months. Circle Oil begins production from Geyad-2X ST1
Circle Oil has announced that theGeyad-2X ST1 well has commenced production in the onshore NW Gemsa Concession. Production has started from the upper of the two identified pay zones in the Kareem Shagar Sandstone. The lower untested pay zone, in the Kareem Rahmi Sandstone, will be further evaluated at a later date. 
