News / Egypt
Hess Corporation is looking for a new rig
Hess is preparing to successfully end all the bids' procedures necessary for drilling its first exploratory wells in its Red Sea acquisition area. The bids include a bid for leasing an offshore rig with an estimated cost by nearly $400,000. Al Hamra is back to drilling
Al Hamra Oil company resumed its drilling activities in its acquisition areas of "Ydma" and "El Alamein", after holding its work last year due to the global recession. Aegean Energy Enters Gulf of Suez
Aegean Energy, the only operator of Oil & Gas in Greece, announced the Farming‐in of its first international exploration license in the Gulf of Suez in Egypt. Dana Petroleum: Block Farm-in Opportunity in Egypt
Dana Petroleum (Egypt) is seeking partner(s) to farm-in to the Ras Abu Darag Block, Egypt, to join them in their 2010/11 exploration drilling program in the Ras Abu Darag Concession, situated in the northern offshore part of the Gulf of Suez. This lies immediately on-trend and north of the proven producing part of the Gulf. AGIBA: new drilling plans in the Western Desert
AGIBA Petroleum Company said that it's planning to drill a new exploratory well, Arcada-1x, located in its acquisition area " Melehia Field" in the Western Desert. The initial stages of the drilling is expected to start within this month, and the volume of production will be announced later after the evaluation period to estimate the reserves of the well. Maridive to hand out bonus share
Egypt's Maridive and Oil Services approved a dividend of one bonus share for every five held, a move that will boost its capital 20 percent to finance expansion, officials said on Monday. Sea Dragon fires up financing for Egyptian acquisition
Sea Dragon Energy Inc. announced that it has entered into an agreement with a syndicate of underwriters, co-led by GMP Securities L.P. and Thomas Weisel Partners Canada Inc. and including Genuity Capital Markets, FirstEnergy Capital Corp. and Maison Placements Canada Inc. Sea Dragon 2010 Work Program and Budget
Sea Dragon Energy provided this year's work program and budget for both NW Gemsa and Kom Ombo concessions, and considering 11 new projects with Tanmia Petroleum Company. 
