News / Egypt

Fahmy: 520 new exploratory oil wells in 2010

The Egyptian Minister of Petroleum Eng. Sameh Fahmy announced that Egypt is expected to have 520 exploratory and development wells for oil and 36 for natural gas to be drilled in 2010.

Sea Dragon concludes the acquisition of Premier Oil Egypt

Sea Dragon Energy Inc has completed the acquisition of all of the issued and outstanding shares of Premier Oil Egypt (NW Gemsa) B.V.

Interpipe seeks the leadership of oil and gas pipes supply

Interpipe in cooperation with the ARTOC Company, a partner of Interpipe in Egypt, together held a business meeting with potential customers in Cairo, last month, which is an attempt to strengthen its presence in the Egyptian market.

Total dimissed from phase 11 of Iran’s South Pars-TV

Iran has dismissed France's Total from investing in development of phase 11 of the country's South Pars gas field, state television reported. "Total has been dismissed from investing in the project to develop the phase 11," Hojjatollah Ghanimifard, deputy head of National Iranian Oil Co., told state television. A Total spokeswoman in Paris declined to comment.

Apache: Egypt’s Western Desert enjoys increasing potentials of success

U.S Apache Corporation Chairman and Chief Executive Officer, Steven Farris praised the ''fruitful mutual cooperation'' between the company and the Egyptian petroleum sector, which has contributed to the company's successes in Egypt, especially in the Western Desert.

Dana Petroleum continuing exploration drilling programme

Dana Petroleum, the independent oil and gas exploration and production company focused on growth through international exploration and the development of production in the North Sea and Egypt, has confirmed that it is currently drilling the Papyrus exploration well, on the West El Burullus concession, (Dana 50%) offshore Nile Delta, Egypt, targeting gas at a similar horizon to the West El Burullus-1 discovery made in 2008.

First discovery for Naftogaz in Abo Senan

Ukrainian Company Naftogaz announced its new discovery in the field of Abo Senan, located in the Western Desert.

Fahmi signs 2 oil agreements worth $ 330.5 m

Oil Minister Sameh Fahmi signed Sunday 8/11/2009 two oil agreements on behalf of two Egyptian petroleum and natural gas companies with two UAE and British oil firms with minimum investment values worth $330.5 million.

Beach updates operations in N. Shadwan concession

Beach Petroleum Limited ("Beach") is pleased to advise the NS377-3 oil development well (North Shadwan Development Lease, Gulf of Suez, Egypt, Beach 20%) has reached its total depth of 2,873 metres MD (1,800 metres TVD RT) after intersecting a gross oil column of 144 metres in the Kareem Formation sandstone of Miocene age.

Melrose provides development activity in Nile Delta

Melrose Resources plc, the oil and gas exploration, development and production company provides an update on its operational activities in Egypt. Development activity on Melrose's fields in the Nile Delta has continued and the Company is pleased to announce that the South Khilala field, which contains estimated reserves of 36 Bcf, was successfully brought on stream on 16 October 2009.

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