An exploration well drilled by Agiba on the Meleiha Block (Western Desert, Egypt) has discovered commercial hydrocarbon reserves on the Gawaher structure, which was prepared for drilling with 3D seismic survey.
Australia-listed Oil Search said its joint venture partner Sipetrol had started drilling at the Raheek-1 exploration well in the East Ras Qattara block in the Western Desert of Egypt.
The operator of the block, Aminex Egypt, has advised Groundstar that a brand new drilling rig is available to drill two wells back to back on the WEEM block beginning in mid November 2007.
Egypt will invite international oil companies to participate in three oil and gas exploration rounds by the end of this year, the country's oil minister said Tuesday. "Very soon I am going to issue three bid rounds,"
Canada’s TransGlobe Energy has agreed to buy seven oilfields with 24 producing wells as well as eight development leases in the West Gharib Concession in Egypt for $59 million in cash, it said.
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has made the first ever oil discovery in Southern Egypt from its El Baraka-1 exploration well drilled in Komombo Concession in Upper Egypt.
Japanese and South Korean firms have won a $1.8 billion contract to build a diesel oil refinery in Egypt to respond to rising car demand in the emerging economy, said the Japanese company.
PetroJet has won the International Tender offered by the Jordanian Potash Company to execute its $85 million project, announced the Egyptian Ministry of Petroleum.
The Ministry of Petroleum ended the week on a high note, approving new Indian investments in different petroleum domains and acquiring a Jordanian bid to produce potash.