The Petroleum Ministry has obtained approval from the Defense Ministry for the Egyptian Natural Gas Holding Company (GASCO) to offer a tender for international companies to explore for gas in the Mediterranean Sea for the first time, in four areas near Egypt's eastern border with Israel.
Belayim Petroleum Company (Petrobel) has concluded drilling operations for two new developmental wells, the 113-M-113 well and the EBLS-2 well in adherence to its drilling plan for the 2011-2012 fiscal year.
Italian petroleum operator Edison has completed the drilling of two exploratory wells located in the company's concession in the Western Desert, which comes in the context of its 2011-2012 exploration plan.
Badr El Din Petroleum Company (Bapetco) has concluded the drilling of a new exploratory well in its Western Desert concession area as part of its exploration plan for the 2011-2012 fiscal year.
Rashid Petroleum Company (Rashpetco) has successfully completed drilling a new developmental well in West Delta Deep Marine concession, in the context of its development plan for the 2011-2012 fiscal year.
Egypt's Industrial Development Authority is examining proposals from several investors worth EGP 48 billion for developing downstream oil and gas projects including refineries and petrochemicals production.
Eni has made a significant oil discovery at the Emry Deep exploration prospect, located in the Meleiha Concession, in the Western Desert of Egypt, 290 kilometers south west of Alexandria.
Petrodara has undertaken the drilling of a new developmental well, ARTA-34-ST-1 in the company's fields in its Eastern Desert, as part of the development plan for the 2011-2012 fiscal year.
Egypt General Petroleum Corporation (EGPC) has issued a tender to import three cargoes of Middle East crude oil between July and September, a tender document showed.