News / Egypt
INA Nafta discovers a large oil field in the Western Desert
The Croatian Company, INA Nafta achieved a new oil discovery, Sidi Rahman-1 located in the Western Desert, 3 km off the Mediterranean Coast, announced the Egyptian Ministry of Petroleum (MoP). Arsenal Initiates Egyptian Drilling Program
Arsenal Energy Inc. announced that drilling operations on the 5.625 million acre Nuqra concession in Egypt are underway. The first well, the SET-1, has now spudded and has a target depth of approximately 3,800 feet. The well will test a stratagrphic trap in the Jurassic zone identified through extensive seismic evaluation. Natural gas exports down 25 percent in November 2006
Egyptian exports of natural gas and its derivatives collapsed by nearly 25 percent to $233 million in November 2006 compared with $296 million a year earlier, according to a recent report by the Cabinet Information & Decision Support Center. Dana Gas to Drill Fifteen New Wells This Year
Dana Gas, the Middle East's first regional private-sector natural gas company, has announced an active drilling program for fifteen wells in Egypt in 2007 by its exploration and production subsidiary, Centurion Energy. Dana Gas 6th Highest Gas Producer in Egypt: Company Plans Regional Expansion in Exploration and Production of Gas
Dana Gas, the Middle East’s first regional private-sector natural gas company, has become the sixth highest gas producer in Egypt, through the activities of its exploration and production subsidiary, Centurion Energy. TransGlobe Provided Drilling Update on The Nuqra Block 1, Egypt
TransGlobe Petroleum Egypt Inc., a wholly owned subsidiary of TransGlobe Energy Corporation, is rigging up the ECDC #2 drilling rig to drill the Set #1, a 30-million-barrel gross unrisked target prospect. $90 million-loan to finance natural gas pipelines
The Arab International Bank (AIB) has sealed a loan agreement with the Egyptian Natural Gas Holding Company (EGAS) to finance the company’s plan to install two natural gas supply lines in the distance from Taba to Sharm El-Sheikh and Shokair to Hurghada with total investments of $90 million. Shell Egypt Announces 4 Western Desert Discoveries
Shell Egypt today announced four discoveries in its Western Desert acreages of Badr El-Din (BED) development leases and West Sitra Concession. The Badr El-Din leases are operated by Bapetco - Shell Egypt’s Joint Venture with the Egyptian General Petroleum Corporation (EGPC), while the West Sitra Concession is operated by Shell Egypt. 
