News / Egypt
JBIC lays the groundwork in Egypt
State-owned Japan Bank for International Cooperation (JBIC) said it had signed a memorandum of understanding with Egyptian General Petroleum and Egyptian Natural Gas Holding aimed at increasing Japanese business opportunities in the North African country's oil and gas sector. Regal Says ERB-B-1X Well in Egypt has been Spud
Apache East Ras Budran has spudded the ERB-B-1X exploration well in Egypt. This is the second exploration well planned for 2007. Hellenic Petroleum Nabs Egyptian Project
Hellenic Petroleum's concession agreement for exploration and production of hydrocarbons in the Mesaha area of Egypt was signed October 9, 2007 between a conglomerates consisting of Melrose Resources, Hellenic Petroleum and Oil Search, the state authority Ganoub El Wadi and the Ministry of Petroleum. Fahmy signs new concession signed in Mesaha area
Egypt signed a concession agreement for the exploration and production of oil and gas in the Mesaha area of Upper Egypt last week. Egypt expands gold exploration efforts
Minister of Petroleum and Mineral Resources Sameh Fahmy signed two agreements this week ¬— on behalf of the Egyptian Mineral Resources Authority (Emra) — with Russian SMW Company for the exploration and utilization of gold and associated minerals in the Eastern Desert Region. KBR Wins FEED Contract for West Mediterranean Deepwater Development
KBR has been selected to provide Front End Engineering Design (FEED) support on the West Mediterranean Concession Deepwater Development. The $10 million contract was awarded by the North Alamein Petroleum Company (NALPETCO). Dana ties up Devon deal
UK-based Dana Petroleum said it has bought Devon Energy's entire Egyptian upstream portfolion in a $375 million deal. Novatek Acquires 50% in the El-Arish Block Offshore Egypt
OAO Novatek has acquired a 50% working interest in the concession agreement for oil and gas exploration and development at the El-Arish offshore block in Egypt from Tharwa Petroleum S.A.E. Tharwa Petroleum S.A.E. holds the remaining 50% working interest. 
