News / Egypt

KEC gets $50m to develop assets

The International Finance Corporation (IFC), the World Bank's private sector lender, will lend $50 million to Kuwait Energy to help the company develop its oil and natural gas assets in Egypt and Yemen.

Circle Oil says Q3 Egyptian output almost doubles

Circle Oil Plc said on Wednesday production at its Amir field in Egypt nearly doubled in the third quarter and that it expected the sixth well in Morocco to have commercial gas, which was yet to be tested.

BP spins bit at second Suez well

BP will begin drilling on the NS377-3 development well later this week in Egypt’s Gulf of Suez North Shadwan concession.

Transocean Comet Mobilizes to Well Location in Gulf of Suez

Beach Petroleum reported that the Transocean Comet jackup rig has moved onto the NS394-3 (Burtocal North) oil exploration well location (Beach 20%) in the Gulf of Suez.

Egypt to supply Lebanon with natural gas

Cairo signed an agreement with Beirut to supply natural gas to Lebanon through networks in Jordan and Syria, the Egyptian minister of petroleum said. Egyptian Minister of Petroleum Sameh Fahmi met with Lebanese Minister of Energy and Water Alain Tabourian to discuss the terms of bilateral energy ties.

Oil production commences from 2 Wells in Egypt’s NW Gemsa

Circle Oil has announced that both the Al-Amir SE-3 appraisal well and the Geyad-1 discovery well in the NW Gemsa Concession, Egypt, have been connected to pipeline infrastructure by the operator Vegas Oil and Gas and have commenced commercial oil production.

BP prepares for Suez venture

BP is preparing to spud the Burtocal North oil exploration well in Egypt’s Gulf of Suez.

Dana steps up activity offshore Egypt

Dana Petroleum has started drilling the NG 366-2 exploratory well in Egypt’s offshore Gulf of Suez. The UK independent will participate in two more upcoming wells in the offshore Nile Delta.

Apache to sign three oil and gas deals in Egypt

U.S. Apache Corp is to sign three oil and gas deals on Thursday worth $30 million for a total of 14 wells in three areas of Egypt's Western Desert, the Oil Ministry said in a statement.

Premier sells NW Gemsa interest to Sea Dragon

Premier is selling its 10% interest in the NW Gemsa license, onshore Egypt, to Sea Dragon Energy for the sum of US $12.5 million. The sale is subject to the approval of the Egyptian authorities.

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