PetroShahd Petroleum Company finished the drilling of yet another developmental well in the Abu Gharadiq Basin located in the Western Desert, as part of its drilling program for the fiscal year 2011/2012.
Dara Petroleum Company (PetroDara), a subsidiary of TransGlobe, completed the spudding of the new development well, EAST ARTA-22, in the West Gharib Lease, located in the Eastern Desert last month.
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.