News / Egypt
Development Success for Dana Petroleum and Zeitco
Dana Petroleum plc (Dana) is pleased to announce it has just completed two successful appraisal/development wells in the Gulf of Suez area, with Zeitco, our joint venture company. BP Egypt announces Seth first gas
On the 23rd of June, first gas from the $334 million Seth development commenced approximately 18 months from project sanction, which is 15 weeks ahead of schedule. Bapetco Drills Two New Developmental Wells
Badr El Din Petroleum Company (Bapetco) has completed drilling two new developmental wells in its Western Desert concession area as part of its development plan for the 2011/2012 fiscal year. Edison Expands in Wadi El-Rayan
The Italian Edison Gas has concluded the drilling of a new exploratory well last April, located in the Wadi El-Rayan concession in the Western Desert. The operation comes in the context of the company's 2011-2012 drilling plan. RWE Sale of Egypt Gas Assets Said to Stall Amid Turmoil
A sale by RWE AG (RWE) of energy assets in Egypt is stalled as the country's turbulent political transition deters potential buyers from bidding for the German utility's offshore gas fields there, according to people familiar with the situation. Egypt gets $3.7 bln financing for refinery project
Investors in an Egyptian petroleum refinery project, led by Citadel Capital and Qatar Petroleum, have secured $3.7 billion in financing for the facility, the project operator said. First Oil Well 1,500 Meters Deep North of Damietta
The first experimental offshore well has been drilled as deep as 1,500 meters north of Damietta in the Mediterranean as research indicated oil and gas reserves in this area, according to a report Petroleum Minister Eng. Abdullah Ghorab received from Eng. Mohamed Shoaib, the Head of the Gas Holding Company on means to promote oil and gas finds. Agiba Drills Two New Wells
Agiba Petroleum has completed the drilling of two new Western Desert wells during the month of March. The endeavor came in the context of Agiba's development plan for 2011/2012 fiscal year. 
