News / Egypt
NORPETCO: $0.5m for technical studies
North Bahariya Petroleum Co. (NORPETCO) prepares for conducting seismic and geophysical studies for the water reservoirs of its wells. The process comes for increasing the number of wells to reach the number of seven which will be drilled during the current year within NORPETCO's concession in the Western Desert. PetroAmir to invest $12 million in the GoS
Petro Amir prepares for the beginning of its water injection project, in the North West Gemsa Concession, the Gulf of Suez. PetroShahd awaits fiscal budget confirmation
Egypt Oil and Gas newspaper (EOG) learned that PetroShahd Company is waiting for the confirmation of the fiscal budget during their current meeting of the board of administration. PetroGulf approves Gebel Elzeit drilling budget
PetroGulf decided to invest $9 million for the drilling of an exploratory well in the concession area of Gebel Elzeit. $1m new investments to develop the gas field of Rashid
Egyptian Ministry of Petroleum Eng. Sameh Fahmy received a report from Eng. Rafaat El-Beltagy, Chairman of Rashid Petroleum Company (Rashpetco), which included that BG allocated $850m for drilling seven developmental wells in the deepwater of the Mediterranean Sea. TransGlobe announces Cdn$75.0 Million Bought-Deal Financing
TransGlobe Energy Corporation announced yesterday that it has entered into an agreement with a syndicate of underwriters under which the members of the syndicate have agreed to purchase for resale Boosting the cooperation with Halliburton
Eng. Sameh Fahmy, Egyptian Minister of Petroleum, received Mr. David Lesar, President and Chief Executive Officer of Halliburton, during his visit to Egypt within the framework of a working tour in the Arab countries which also includes Iraq and Algeria. Maridive receives two new units, six more to follow
Maridive and Oil Services received one new vessel and one new barge and said it would receive another vessel this month, Beltone Financial reported in its daily note. 
