News / Egypt

ONGC to buy 33% stake in Egypt block from Shell

Indian state-run explorer Oil and Natural Gas Corp (ONGC) is firming up a proposal to buy approximately 33% in an Egyptian deepwater gas block from Royal Dutch Shell.

Egypt to increase oil cooperation with Libya and India

Eng. Sameh Fahmy, Minister of Petroleum, held bilateral talks with Eng. Omran Abu Kuraa’, Minister of Gas, Electricity and Water in Libya, and Murli Deora, Minister of Petroleum and Natural Gas in India to increase cooperation in the oil and gas sector.

Dana buys Devon’s Egyptian Assets

UK explorer Dana Petroleum plc announced that its wholly owned subsidiary, Dana Petroleum has signed an agreement with Devon Energy Corporation to acquire Devon's entire upstream petroleum business interests in Egypt, reported Oil Egypt.

Sipetrol achieves a discovery at East Ras Qattara Block in Egypt

Empresa Nacional del Petroleo (ENAP), through its international subsidiary Enap Sipetrol S.A., made a new oil discovery in the East Ras Qattara block in Egypt's Western Desert, with the drilling of the Ghard-1 well. It has already made a previous discovery in this area, with the Shahd-1 well in November 2006.

Lukoil group extends Egypt’s Western Desert development concession

Russia's Lukoil is to extend production rights in its Meleiha Block, located in the Western Desert concession until 2024 after receiving the ratification of the Egyptian Parliament.

Pertamina to expand business in Egypt and Qatar

Indonesian state-owned oil and gas company PT Pertamina announced its plan to expand its business in Qatar and Egypt by buying stakes in oil and gas companies in the two countries, reported the Rigzone.

Abu Roash bonus for Apache in Egypt

US independent Apache said its Zaina-2 well in Egypt's Western Desert flowed 1067 barrels of oil per day from 12 feet of pay in the Abu Roash G-10 sand.

New Oil Tally for Rally in Egypt’s West Issaran

Rally has successfully completed drilling of the West Issaran No.1 exploratory well to a total depth of 2,552 feet. The well was drilled to evaluate the potential of the three main Issaran producing formations, and according to the company, oil pay was encountered in two of the three formations.

Devon in talks with buyer for its Egyptian assets

The chief executive of oil and gas producer Devon Energy Corp. on Monday said it is in talks with a buyer for its Egyptian assets and said it did not need to make any large acquisitions to meet its growth targets.

Significant discovery by OVL and IPR in Gulf of Suez

ONGC Videsh Ltd. (OVL) and its partner IPR Red Sea Inc. have made a significant new oilfield discovery in their first exploration well North Ramadan-1A in the North Ramadan Concession, Gulf of Suez, Egypt.

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