News / Egypt

Fahmy: LE 90 billion investments over the next three years

Three foreign companies are negotiating with the Ministry of Petroleum plans to develop oilfields in the Red Sea over the next three years at expected investments worth 90 billion Egyptian pounds.

BP strikes it lucky in Egypt

BP has hit oil with the NS 377-3 field development well in Egypt’s Gulf of Suez North Shadwan concession.

Egypt delays plan to build second LNG train at Damietta

Egypt's state-owned Egyptian Natural Gas Holding Co. (EGAS) has shelved plans for the construction of a second LNG train at Damietta until enough natural gas reserves are found, according to a company official.

BP, Eni find half of gas for LNG train

BP and Eni SpA have found 2 trillion cubic feet of gas, half of what is needed to start up a new liquefied natural gas train, an executive of State-owned Egyptian Natural Gas Holding Company (EGAS) said.

Circle Oil: successful testing of NW Gemsa Appraisal

Circle Oil reported that the Al-Amir SE-4X appraisal well has been successfully drilled and tested in the onshore North West Gemsa Development Lease in Egypt.

Aminex to test South Malak-1 Onshore Gulf of Suez

Aminex announced that the South Malak -1 well in the West Esh El Mellaha PSC area, onshore Gulf of Suez, Egypt, has now been drilled to a total depth of 11,200 feet. Oil shows were encountered in Pre-Miocene Matulla sand stringers from 10,858 to 10,900 feet and high gas readings were encountered from 10,300 feet through to total depth. The well has now been logged from the base of the last cased section, at 2,725 feet, down to total depth.

PGNiG sets up shop in Egypt

PGNiG opened its branch in Cairo, Egypt, on October 14, 2009. This is directly related to the Company's plans and activities in this country. In Egypt, PGNiG SA will focus on primarily exploration for and subsequently the production of crude oil. The reserves of this raw material under the license awarded to the Polish company are estimated at 22 million tonnes.

Dana Gas unlocks 86 Billion cubic feet of gas onshore Egypt

Dana Gas, the Middle East's first and largest regional private sector natural gas company, has announced two more significant gas discoveries -- Faraskur-1 and Marzouk-2 -- in one of its concessions in the Egyptian Nile Delta. Together, the two wells are expected to add 86 billion cubic feet (bcf) of gas to the company's Egypt reserves.

Jordan OKs Gas Field deal between BP, NPC

In the session held Oct. 7, chaired by Jordan's Prime Minister Nadir al-Dhahabi, the Council of Ministers approved the partnership agreements between the National Petroleum Company (NPC) and the British company British Petroleum (BP) for the concession of the Al-Rishah gas field, including the agreements for amending the concession, execution, share remittance, and operation.

PGNiG begins exploration for oil in Egypt

PGNiG opens its branch office in Egypt, which will search for oil in the country at a cost of $200-300 million.

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