News / Egypt
Egypt’s rig market revived
The Egyptian rig market has witnessed an active transaction processes with the beginning of this month; three petroleum companies finalized new rig renting agreements needed for their exploration and production operations. Egypt petroleum production up 7.14 PCT
Egypt's production of crude oil, condensates and biogas hit 2.955 million tons in April, up 7.14 percent from April 2008, according to figures published on Egypt’s Statistical Indicators website. Spectrum quadruples seismic processing capacity in Egypt
Spectrum's Egyptian joint venture, Spectrum-Geopex has completed the first phase of a significant computer systems upgrade at its seismic data processing centre in Nasr City, Cairo that will quadruple its seismic processing capacity. Egypt attracts $3.5 billion investments in five months
The Egyptian Petroleum Minister Eng. Sameh Fahmy said that in spite of the global financial meltdown, the oil sector succeeded to be a magnet for investments of major international companies seeking the exploration and development of the country’s oil and gas fields. More Egyptian gas to Israel
Egypt's East Mediterranean Gas Co. (EMG) has increased the flow of gas to the Israel Electric Corporation (IEC) to 1.5-1.6 billion cubic meters of gas per year. Sonsub awarded further extension to IRM project in Egypt
Saipem UK Ltd, Sonsub Division has been awarded a third extension to the existing contract with Burullus Gas Company S.A.E. for field support work in the Egyptian sector of the Mediterranean Sea. Europa gets go-ahead to acquire Seismic for West Darag Phase 1 Extension
Europa Oil & Gas announced that the Egyptian General Petroleum Corporation ("EGPC") has granted Europa a six month extension on the first phase of the West Darag Concession in order to permit the acquisition of approximately 350km of 2D seismic data prior to making the decision to enter into Phase 2 of the Concession. Apache’s Egyptian JV Strikes Oil in Western Desert
A joint venture between Apache Corp. and state-run Egyptian General Petroleum Corp., Khalda Petroleum Company made an oil find in the South Umbarka concession in Egypt's Western Desert, reports Reuters, citing a statement by Egypt's Oil Ministry. 
