According to the analytical report conducted by Egypt Oil and Gas to gauge the performance of Qarun Petroleum, the company's production rates of crude oil have been consistent during the past six months.
Pharaonic Petroleum Company completed the drilling of a new offshore developmental well in its Mediterranean concession as part of the company's drilling plan of December 2011.
Borg Al-Arab Petroleum (BoraPetco) completed drilling the BEA-11 well in its West Gharib concession located in the Western Desert. The new developmental well is part of the company's development plan for the fiscal year 2011/2012.
Massive flames shot into the sky over northern Sinai on Saturday after a section of a pipeline that carries gas from Egypt to Israel and Jordan exploded, according to a security official in the region.
UAE-based Dana Gas completed the drilling of a new exploratory well in the Nile Delta area. PLUTO-1 is a gas-producing well. It was drilled using the EDC-66 rig to a vertical depth of 7,300 feet, the cost of which has averaged $2 million.
The analytical report issued by Egypt Oil & Gas to assess the performance of Khalda Petroleum revealed disparities in the company's production indicators of crude oil and natural gas.
BG Egypt today announced gas production had started on 30 January 2012 from the second stage of West Delta Deep Marine (WDDM) Concession Phase 7, representing another successful milestone in the phased development of WDDM.