News / Egypt
Apache Drills New Development Leases in Faghur Basin, Western Desert
Apache Corporation reported that approval of seven new development leases in the Faghur Basin has enabled the company to add 5,200 barrels per day of new production in Egypt's Western Desert. Mena Hydrocarbons Announces Spudding Lagia Oil Field and Creation of Joint Venture Company
MENA Hydrocarbons Inc. is pleased to announce the commencement of operations for Lagia oil field development in Egypt and the Creation of Joint Venture Company, PetroSinai. PetroAmir Advances in the Eastern Desert
PetroAmir, a joint venture company between the EGPC and Vegas Oil & Gas, has completed drilling a new developmental well in its Eastern Desert concession. Investing $1.3 Million, PetroShad Hits Dry Hole
In its Western Desert concession area, PetroShahd has completed drilling an exploratory well in the context of its drilling plan for the fiscal year 2011/2012. Seismic studies assessing the wells potential have proved the well dry. Dana Gas Encumbered by Payment Delays
UAE-based Dana Gas is struggling to cope with the payment delays owed from Egypt and Kurdistan. The company's outstanding debt of $1billion Sukuk (Islamic bonds) has significantly strained the company's ability to progress its expansion plans in Egypt. Beach Energy announces first oil production from its North Shadwan concession
Oil production has commenced from the NS377 field in Beach's North Shadwan concession, with oil flowing via a tie-in to Petrobel's nearby Ras Ghara oil facility and then by pipeline to the main Petreco Oil Centre at Abu Rudeis. Citadel Capital Opportunity-Specific Fund Reaches Understanding on Revised Terms for Sale of Upstream Oil and Gas Platform
Citadel Capital, the leading private equity firm in the Middle East and Africa with US$ 9 billion in investments under control, issued today the following statement regarding revised terms of sale for the National Petroleum Company Egypt. Fluctuations in Petrobel’s Production Indicators
Egypt Oil & Gas's detailed report covering oil company Petrobel showed fluctuations in the company's production rates of crude oil and natural gas during the past six months. Production of both resources rose and fell intermittently over the period from the third quarter of 2011 to the first quarter of 2012, as displayed in the graph. 
