Borg Al-Arab Petroleum (BoraPetco) completed drilling the BEA-11 well in its West Gharib concession located in the Western Desert. The new developmental well is part of the company's development plan for the fiscal year 2011/2012.
Massive flames shot into the sky over northern Sinai on Saturday after a section of a pipeline that carries gas from Egypt to Israel and Jordan exploded, according to a security official in the region.
UAE-based Dana Gas completed the drilling of a new exploratory well in the Nile Delta area. PLUTO-1 is a gas-producing well. It was drilled using the EDC-66 rig to a vertical depth of 7,300 feet, the cost of which has averaged $2 million.
The analytical report issued by Egypt Oil & Gas to assess the performance of Khalda Petroleum revealed disparities in the company's production indicators of crude oil and natural gas.
BG Egypt today announced gas production had started on 30 January 2012 from the second stage of West Delta Deep Marine (WDDM) Concession Phase 7, representing another successful milestone in the phased development of WDDM.
BP has won a tender to buy a cargo of jet fuel for loading in the first week of February from Egypt's Middle East Oil Refinery (Midor) traders said on Friday.
Citadel Capital SAE, the Egyptian private equity firm that has raised $3.7 billion to build an oil refinery, plans to start construction in the second quarter.
Kuwait Energy Plc, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, today announced a new oil discovery in Egypt's Ahmad-1X well, located in the Gulf of Suez's Area A concession.