On 25/11/2007, Eng. Sameh Fahmi, Minister of Petroleum, visited the oil fields in the Gulf of Suez and South Sinai, where he followed up the implementation stages of putting offshore Sakkara field of GUPCO, on stream.
Regal Petroleum reports that an unsuccessful well test has been conducted in the ERB-B-1X well operated by Apache East Ras Budran Corp. LDC in the East Ras Budran ("ERB") Concession in which Regal holds a 25% working interest.
The Egyptian authorities have given the green light to Japanese outfit AOC Holdings plans to buy a 90% stake in the South Zeit Bay oilfield, in the Gulf of Suez, from Switzerland's Alexoil.
US-based Apache said today it had made another dscovery in Egypt's Western Desert, this time with the Jade-2x discovery well.
Apache said Jade-2x test-flowed 26.7 million cubic feet of natural gas per day and 1325 barrels of condensate per day.
The Egyptian-Chinese Company will start manufacturing 2000-horse power onshore oil rigs in Egypt before the end of this year, the Ministry of Petroleum announced.