News / Egypt
Saipem awarded two offshore contracts worth USD 600 million
Saipem has been awarded two new offshore contracts in Egypt and Angola worth a total value of about USD 600 million. Egypt set to pump up volume
Egypt expects to boost its oil production from 705,000 barrels per day to 735,000 bpd within three months, Oil Minister Sameh Fahmy said. Oil and gas prices will continue to set records
A discussion on the region's economic resilience concluded that oil and gas prices will continue to rise, providing unique investment opportunities, but the region's greatest challenges are likely to be in managing expectations, lowering trade and investment barriers and educating the next generation to handle the wealth that is now being produced. BP Starts Production From Saqqara
BP Egypt, on behalf of its joint venture partners in the Gulf of Suez Petroleum Company (GUPCO), announced today that oil production from the Saqqara field has started. Beach Petroleum acquires interest in Gulf of Suez concession
Beach Petroleum reports that it has entered into an agreement with Santos Egypt Pty Ltd under which, subject to waiver of pre-emptive rights by the Egyptian General Petroleum Corporation and the approval of the Government of the Arab Republic of Egypt, Beach will acquire, via a farmin arrangement, a 20% interest in the South East July concession, in the Gulf of Suez, offshore Egypt. Dana Petroleum bags new Egyptian deal
UK independent Dana Petroleum is set expand its portfolio in Egypt after signing a deal with Santos to buy a 40% interest in the South East July production sharing contract that lies in the Gulf of Suez off Egypt. Anniversary: 25 years’ crude oil production from Ras Budran
The crude oil reservoir Ras Budran is located in the Gulf of Suez, four kilometres off the coast of Sinai, and was discovered in the mid-1970s. To develop the field, SUCO was founded as a joint venture between RWE Dea as operator and the Egyptian General Petroleum Corporation (EGPC). Dana Gas Receives Award for Egypt Operations
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has been awarded "Best New Concept" for the Al-Baraka well in Southern Egypt's Komombo concession by the Egyptian Petroleum Exploration Society (EPEX) at its 2007 Best Achievements Awards Ceremony. 
