News / Egypt

Dana Petroleum confirms first production from Matr-1XST well in Egypt

Dana Petroleum plc is pleased to announce first oil production from its Matr-1XST well in the North Zeit Bay production sharing contract (PSC) area onshore in the Gulf of Suez, Egypt. This follows the recent approval of the Matr Development lease by the Ministry of Petroleum.

Sea Dragon enters into agreement to acquire oil & gas assets in Egypt

Sea Dragon Energy Inc. is pleased to announce that it has entered into an arm's length share purchase agreement with Golden Crescent Investments Ltd to acquire all of the issued and outstanding shares of National Petroleum Company Egypt Limited.

Egypt Extends Deadline for Oil, Gas Bidding Round to End-March

Egyptian General Petroleum Corp. said its international oil and natural-gas bidding round closing date was extended by two months until the end of March after potential bidders requested more time for evaluation.

Jordan mulls Qatari gas supply to mediate Egyptian disruption

Jordan and Qatar have named a joint committee to study ways to import liquefied natural gas from the Gulf Arab state to replace Egyptian supplies disrupted by pipeline bombings.

Dana Gas intensifies exploration in Delta

Dana Gas, one of the UAE's leading companies, drilled a new exploratory well, Fluto, in the area of Delta.

Petrodara advances its drilling plan

Dara Petroleum Company (Petrodara), a subsidiary of Transglobe, drilled a new development well, East Arta-23, in the West Gharib Lease, located in the Eastern Desert.

Rashpetco sustains its development wheel

Rashid Petroleum Company (Rashpetco) completed the drilling of a new development well, SIMSAT-B2-DA in the West Delta Deep Marine (WDDM) Concession, in the Mediterranean Sea area.

Fairmount Sherpa moved Egyptian drilling rig

Tug FAIRMOUNT SHERPA has successfully towed jack-up drilling rig BAHARIA I to her new position in the Zeit Bay oil field in the Gulf of Suez. The FAIRMOUNT SHERPA is one of five supertugs owned by Fairmount Marine.

Gamesa delivers 200 MW of wind turbines to Egypt

Gamesa will deliver 100 of its G80-2.0 MW wind turbines to the New & Renewable Energy Authority (NREA) for a total of 200 MW of wind projects in the Gulf of El-Zayt on Egypt's Red Sea coast.

Egypt Fuel Subsidies May Reach $19 Billion in 2012

Egypt's fuel subsidies are expected to reach 114 billion Egyptian pounds ($18.9 billion) in 2012 compared with 100 billion pounds in the previous year, Al Mal reported, cited Hani Dahi, chairman of Egyptian General Petroleum Corp.

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