News / Egypt

TransGlobe acquires additional interest in West Gharib Properties

TransGlobe Energy Corporation is pleased to announce it has completed the acquisition of an additional 25 percent in certain leases on its West Gharib (Arab Republic of Egypt) properties from its partner, a private company registered in Cyprus, for consideration of US$18.0 million adjusted to June 1, 2008. This acquisition brings TransGlobe's holdings to a 100 percent working interest on all nine West Gharib leases.

Atwood snags 2 contract commitments for Aurora, Southern Cross

Atwood Oceanics, Inc. announced that the Atwood Aurora, a LeTourneau Super 116E Jackup currently being constructed in Brownsville, Texas by the Company's wholly-owned subsidiary, Atwood Oceanics Pacific Limited, has been awarded a contract by RWE Dea Nile GmbH ("RWE") for work offshore Egypt.

GeoGlobal Discloses Exploration Activities in Egypt

GeoGlobal Resources Inc. has disclosed an update of certain of its exploration activities conducted during the quarter ended June 30, 2008 and through August 13, 2008. The Company advised that on August 11, 2008 it filed its quarterly report on Form 10-Q for the period ending June 30, 2008.

Egypt to Launch International Auction for Gas, Oil Exploration

Egypt is preparing to launch an international auction for gas and oil exploration projects in seven new areas in the Mediterranean, Cairo-based Al Ahram daily reported.

Plexus Snags Contract from Shell Egypt for Wellhead Systems

Plexus Holdings PLC has agreed with Shell Egypt to supply, subject to completion of relevant contract terms, the Company’s proprietary POS-GRIP High Pressure/High Temperature (HP/HT) exploration rental wellhead systems in the Egyptian Eastern Mediterranean Sea.

Agrium confirms fertilizer deal with Egypt’s MOPCO

Agrium Inc said Misr Oil Processing Company, S.A.E. of Egypt (MOPCO), will acquire its EAgrium project through a share swap in which EAgrium will become a wholly-owned subsidiary of MOPCO and the shareholders of EAgrium will become shareholders in MOPCO.

Egypt Plans $7B Foreign Investment in Oil, Gas Exploration

Egypt plans to implement a program for oil and gas exploration and development in fiscal year 2008-2009 with total foreign investments of $7 billion, Cairo-based Al Ahram daily reported Monday citing Abdul Aleem Taha, executive president of the Egyptian General Petroleum Authority.

Apache Hits Double; Heqet-2 Producing Strong, Umbarka-174 Testing Stronger

Apache Corporation reported that the Heqet-2 appraisal well in Egypt's Greater Khalda area is producing approximately 2,100 barrels of oil per day from the Jurassic Safa formation.

Petrofac secures further gas plant project in Egypt

Petrofac, the international oil & gas facilities service provider, has secured a further award from Khalda Petroleum Company (KPC). The contract, to provide engineering and procurement (EP) services for an additional gas train should convert to a lump-sum engineering, procurement and construction (EPC) contract on a pre-agreed basis.

VetcoGray Converts Well to Subsea System in Gulf of Suez

VetcoGray has applied its latest technology to overcome unique challenges, reduce project costs and risks, and successfully convert an exploration well to full production service at Agiba Petroleum Company's West Ashrafi hydrocarbon facility in Egypt's Gulf of Suez, Red Sea.

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