News / Egypt
BP-Egypt & AGR successfully complete the first use of RMR technology on a Jack-Up Rig
BP-Egypt utilized AGR’s RMR technology onboard the Jack-up rig Constellation II on the Rahamat-1 well in the Mediterranean Sea. On the top-hole drilling campaign, AGR’s RMR system pumped the drilling fluid and cuttings from an outlet in the conductor 10ft above sea level with returns to the rig for recirculation. Beach on a roll with new funds
Beach Petroleum is set to cement expansion plans that may add a potential 8 million barrels of oil reserves to its books next year after the Australian outfit successfully raised A$191 million (US$183 million) with a share placement. Dana, Gaz de France Strike Gas in Egypt
The WEB-1X well is the first drilled by the Dana Petroleum and Gaz de France partnership at the West El Burullus (WEB) production sharing contract area within the prolific Nile Delta region, in the Mediterranean Sea offshore Egypt. The well was drilled by the jackup rig Ocean Spur. Beach Petroleum: acquisition of interest in North Shadwan concession
Beach Petroleum reports that it has entered into an agreement with Tri-Ocean Energy Company under which, subject to the approval of the Government of the Arab Republic of Egypt, Beach will acquire a 20% interest in the North Shadwan Concession in the Gulf of Suez at a cost of US$110 million. Completion of the agreement is also subject to the waiver of pre-emptive rights by another Joint Venture party and the Egyptian General Petroleum Corporation. Saipem awarded two offshore contracts worth USD 600 million
Saipem has been awarded two new offshore contracts in Egypt and Angola worth a total value of about USD 600 million. Egypt set to pump up volume
Egypt expects to boost its oil production from 705,000 barrels per day to 735,000 bpd within three months, Oil Minister Sameh Fahmy said. Oil and gas prices will continue to set records
A discussion on the region's economic resilience concluded that oil and gas prices will continue to rise, providing unique investment opportunities, but the region's greatest challenges are likely to be in managing expectations, lowering trade and investment barriers and educating the next generation to handle the wealth that is now being produced. BP Starts Production From Saqqara
BP Egypt, on behalf of its joint venture partners in the Gulf of Suez Petroleum Company (GUPCO), announced today that oil production from the Saqqara field has started. 
