News / Egypt

Dekhila-1x successful in Egypt

A further exploration success for RWE Dea: The Dekhila-1x well hits gas and oil in the West Mediterranean Block 1 concession.

Al Amir-1X delivers the goods

AIM-listed Circle Oil has hit oil after successfully re-entering and sidetracking the Al Amir-1X well, in the North-West Gemsa concession, in Egypt.

Edison to Pay $1.4B for Abu Qir Gas Field

Italy's Edison SpA has reached a deal with Egyptian General Petroleum Corp to explore and develop the offshore Abu Qir gas field as it seeks to grow its gas portfolio as well as the number of its suppliers.

IPR Scores Major Jurassic Discovery with Zain-1X in Egypt’s Western Desert

IPR, USA Texas-based Independent, has successfully completed the testing of the wildcat discovery well Zain-1X in the Yidma-Alamein Development Lease located in the northeastern region of Egypt's Western Desert, approximately 130 km southwest of Alexandria.

Approving Egypt’s anti-crisis proposals

The Organization of Arab Petroleum Exporting Countries (OAPEC) approved Egypt’s proposal to outline a set of measures to overcome the consequences of the global financial crisis during a closed-door meeting.

India’s Gujart secures three new concessions in Egypt

Ganoub El Wadi Holding Petroleum Co. (GANOPE) singed a deal with the Indian Gujarat State Petroleum Corporation (GSPC) by which the latter was awarded three new concessions in the area of South Valley in Egypt, with a minimum estimated investment worth $128 million.

Sea Dragon gears up, commences drilling at Dahab North prospect

Sea Dragon Energy has commenced drilling of its Dahab North prospect in the East Wadi Araba ("EWA") Concession. The EWA Concession covers 193 square kilometers, or approximately 47,691 acres (35,768 net acres), located off-shore in the Gulf of Suez, Egypt. The Gulf of Suez currently accounts for 50% of Egypt's total oil and gas production of 660,000 boepd.

Dana plans to drill 17 wells in 2009, secures rigs for 14 wells

Dana Petroleum plc, 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, is pleased to report its Interim Management Statement for the period to 19 November 2008.

ODE sets its 1st overseas base in Cairo

International engineering contractor ODE has chosen Cairo for its first overseas office outside the UK. “The company was in Egypt for the long-term future and aimed to build its business,” said Peter Godfrey, Chairman and Managing Director of ODE in the launching ceremony held in Cairo.

The Egyptian court cancels the controversial 20-year gas deal to Israel

The Egyptian court ordered on the 18th of Nov. the government to suspend gas exports to Israel, although it is not clear whether the ruling will be heeded.

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