Melrose Resources stated today that it met its production expectations for 2009, driven by the successful fast-track expansion of recent Egyptian discoveries.
The Ministry of petroleum witnessed shocking movements yesterday. Eng. Abdllah Ghorab was promoted as the president of the Egyptian General Petroleum Corporation (EGPC) instead of Eng. Abdel Aleem Taha.
Fields Development Company (FDC) will start operating in the HG34-3 well of the Ukrainian Company Naftogaz. FDC will provide the needed services to set the well on the early production system, it will also supply the block with "Site preparation for Early Production Facilities and The Early Production provision."
Apache Corporation announced that Egypt's Ministry of Petroleum has finalized extension of the Khalda Offset and East Bahariya concessions in the Western Desert. The extensions will permit Apache to continue its exploration program across approximately 1.5 million acres.
Beach Petroleum Limited, an oil and gas exploration and production company, announced that its project partner BP confirmed a gross oil-bearing column of 107 meters in the North Shadwan 377-5 well on the Gulf of Suez in Egypt.
The Egyptian Natural Gas Holding Company (EGAS) announced the results of its licensing round for gas-prone Mediterranean offshore acreage which is considered a sign of the growing interest in Egypt’s upstream potential.
Eng. Sameh Fahmy, the minister of petroleum announced that the government will increase investments in oil exploration in the next ten years to reach up to $ 25 billion, in addition to attracting more foreign investments to the local market.
Melrose Resources plc, the oil and gas exploration and production company, is pleased to announce a new exploration discovery and commencement of seismic data acquisition in Egypt.
Sea Dragon Energy Inc. is pleased to announce that its current working interest share of production from the N.W. Gemsa and Kom Ombo Concessions has now reached 1,475 bopd.