News / Egypt
Abu Qir: Renovation of North Delta fields
Abu Qir Petroleum Company is preparing for the treatment of some its exploratory and development wells located its acquisition area in the Mediterranean during the current fiscal year of 2010 - 2011. The total budget of the project is expected to be declared soon. Dana Petroleum Discovers New Oil Field at North Zeit Bay
Dana Petroleum announced that the Fin-1X exploration well has discovered a new oil field, in the North Zeit Bay Production Sharing Contract ('PSC') area onshore in the Gulf of Suez, in Egypt. This follows the discovery of the Lorcan oil field, made just last month in the same PSC area. RWE Dea invests US$3.6 Billion in gas and Development Field, Egypt
Rwe Dea will be investing 3.6 billion US-Dollars in the field development in the North Alexandria and West Mediterranean Deep Water concessions- the biggest single investment for the company to date. The Minister of Petroleum of Egypt and Eni sign a strategic agreement for new upstream and downstream initiatives
The agreement reinforces the cooperation between Eni, the Ministry of Petroleum and the two Egyptian state oil and gas companies EGPC and EGAS. Egypt refining co secures $2.6 bln loan: Citadel
Egypt-based private equity firm Citadel Capital said on Monday a company in which it is an investor had secured $2.6 billion in financing for a refinery project in the Cairo area. Beach Energy in Egypt drive
Australian-listed Beach Energy is stepping up its exploration work in Egypt, saying today it plans to spend up to US$33 million in the country's onshore play over the next two years. Eni begins onshore oil production from Arcadia field in Egypt
Eni has started oil production from the new Arcadia field, in the Western Desert of Egypt, only 45 days after its discovery. NORPETCO completed drilling Ferdaus 12
North Bahariya Petroleum Company (NORPETCO) finalized the drilling operation of "Ferdaus 12" well in the middle and bottom layers of Abu Roash sands, located in the company's acquisition area in Western Desert. 
