News / Egypt
Fahmy: Al Hamra Terminal to become a “World Export Hub”
Al Hamra Specialized Oil Terminal, one of the most significant and strategic oil sites for crude oil shipment and export, to be developed to accommodate nearly 225 thousand barrels per day (bpd) from the Western Desert instead of 185 thousands bpd, said Eng. Sameh Fahmy, Egyptian Minister of Petroleum. Saipem awarded four drilling contracts in Egypt and Nigeria
Saipem has been awarded four new drilling contracts worth a total of US $510 million. The contracts are for the charter of Saipem's Scarabeo 4 and Scarabeo 3 offshore drilling rigs in Egypt and Nigeria respectively, along with the charter of six onshore rigs in Saudi Arabia. KS Energy to acquire the Sneferu from Egyptian Drilling
KS Energy Services has entered an agreement to acquire the Sneferu jackup from Egyptian Drilling for US $108.1 million. Sumed set to become center of international crude oil exchange
The Arab Petroleum Pipelines Co. (Sumed) will establish five new storage tankers at Sidi Kreir, the loading terminal at the northern end of the Sumed pipeline, increasing its storage capacity to 20 million barrels of oil per day. RWE Dea announces extension of Egyptian Gulf of Suez Concessions
RWE Dea Suez GmbH and EGPC, the Egyptian General Petroleum Corporation, signed agreements allowing for the extension of the Gulf of Suez Offshore and the North Belayim Offshore Concessions by a further ten years. Egypt signs eight oil and natural gas deals worth $660 million investment
Egypt's Ministry of Petroleum signed eight exploration and amendment agreements for oil and natural gas exploration worth US $660 million with several foreign firms including BP, Austria's OMV and Norway's Statoil. Melrose: West Khilala #5 to be tied back for production
Melrose Resources' West Khilala No.5 development well was successfully drilled at the northern-most extent of the West Khilala Field. The well was tested over two intervals, totaling 38ft, and flowed at 9.6 MMcfpd on a 20/64" choke. Dana, Abraaj to cooperate in NG projects
United Arab Emirates-based Dana Gas is set tie link up with private equity company Abraaj Capital to make joint acquisitions and invest in natural gas projects. 
