Apache has reported three new field discoveries in Egypt's Western Desert that tested a total of 80 million cubic feet (MMcf) of natural gas and 5,909 barrels of oil and condensate per day -- all from Jurassic formations.
Edison's CEO Umberto Quadrino and the Egyptian Petroleum Minister Eng. Sameh Fahmy signed a $1.4-billion concession agreement for the offshore fields of Abu Qir, which would grant exploration, production and development rights to Edison.
Dana Gas, the Middle East's first and largest regional private sector natural gas company, has announced that its current drilling campaign in Egypt has led to yet another significant gas and condensate discovery at its Salma-1 well in its Nile Delta Concession.
Dana Petroleum reports that drilling and wireline logging operations have now been successfully completed on the Akhenaton-1 exploration well in the South October concession, offshore Gulf of Suez, Egypt.
Italy's Edison SpA has reached a deal with Egyptian General Petroleum Corp to explore and develop the offshore Abu Qir gas field as it seeks to grow its gas portfolio as well as the number of its suppliers.