News / Egypt
Apache’s latest Matruh discovery tests 44 MMcf, 2,910 bpd
Apache Corporation reported that its second discovery of the year in Egypt's Matruh Basin - the Samaa-1X - tested 44 million cubic feet (MMcf) of natural gas and 2,910 barrels of condensate per day from two zones. Nile Delta holds undiscovered treasury
Due to the fact that Egypt's Nile Delta is one of the most important area in the world that holds rich natural gas reserves, the Egyptian Oil Ministry cited a report issued by the American Geological Association on May 18, saying that Egypt's Nile Delta (north of Cairo) holds undiscovered natural gas estimated with 223 trillion cubic feet (about 6.3 trillion cubic meters). Enel pairs with Egypt on exploration
Enel, represented by Massimo Sciancalepore, Head of Business Development, Upstream Gas Division, and the Ministry of Petroleum of Egypt, represented by H.E. Ashraf Rashed, Ambassador of Egypt in Rome, signed a cooperation agreement aimed at strengthening the long-standing strategic relationship between Enel and the Egyptian Natural Gas Holding Company (EGAS), dating back to 2008. Dana Petroleum: close to a new find
Dana Petroleum prepares to unfold a new commercial discovery in the North Gebel El-Zeit block, in the Eastern Desert. Petrogulf expands its Gebel El Zeit investments
''We are preparing to drill three exploratory wells and another for development in Gebel El Zeit, with estimate investments of $25 million,'' AlShenawy Badr, Drilling Operation Manager at Petrogulf Misr, told Egypt Oil & Gas newspaper (EOG Less traffic of oil & gas tankers in the Suez Canal
The traffic of oil and gas tankers passing through the Suez Canal in April have dropped, compared to the previous number recorded in March, said officials at the Suez Canal Authority. Fahmy: $7.4 billion Egyptian Gas investments
''The Egyptian service companies' total volume of investments reached up to $7.4 billion, thanks to recent contracts signed to hold operations in 14 different countries,'' announced Eng. Sameh Fahmy, the Egyptian Minister of Petroleum. Egypt eyes more BP investments
"The government aims a stimulating BP into more drilling and exploration activities", Dr. Ramadan Abul Ella, Head of Petroleum Department at Suez Canal University told Al Youm Al Sabea newspaper, commenting on the Ministry's new agreement with BP. 
