News / Egypt

Dana Petroleum bags new Egyptian deal

UK independent Dana Petroleum is set expand its portfolio in Egypt after signing a deal with Santos to buy a 40% interest in the South East July production sharing contract that lies in the Gulf of Suez off Egypt.

Anniversary: 25 years’ crude oil production from Ras Budran

The crude oil reservoir Ras Budran is located in the Gulf of Suez, four kilometres off the coast of Sinai, and was discovered in the mid-1970s. To develop the field, SUCO was founded as a joint venture between RWE Dea as operator and the Egyptian General Petroleum Corporation (EGPC).

Dana Gas Receives Award for Egypt Operations

Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has been awarded "Best New Concept" for the Al-Baraka well in Southern Egypt's Komombo concession by the Egyptian Petroleum Exploration Society (EPEX) at its 2007 Best Achievements Awards Ceremony.

Scan primed for Egypt shoot

Norway's Scan Geophysical has confirmed it is set to carry out a 4000 line kilometre 2D survey off Egypt for US player Hess.

Dover Sells East Wadi Araba Concessions

Dover Petroleum Corp. announced that the company has signed an agreement of purchase and sale and a related share exchange agreement with Sea Dragon Energy Inc. and Egypt Oil Holdings Ltd.

Gas and Condensate discovery for RWE Dea in Egypt

RWE Dea has discovered gas and condensate in the Disouq Concession – Onshore Nile Delta. The North Sidi Ghazi-1x well encountered a gas bearing sandstone interval of 42 m column within the Upper Messinian reservoir sands. Formation evaluation confirmed the encountered section to be Gas bearing with average porosity of 20 percent.

Melrose Resources Provides Egyptian Operations Update

Melrose Resources plc, the oil and gas exploration, development and production company, today provides an update on its Egyptian operations.

NW Tanan-1 well in Egypt is spudded

Aminex PLC (“Aminex”) announces the spudding of the second exploration well in its drilling programme on the West Esh El Mellaha (“WEEM-2”) concession in the onshore Gulf of Suez region, Egypt.

Edison and BG ‘on Abu Qir inside track’

Italy's power group Edison and Britain's BG are the main competitors for a stake in Egypt's Abu Quir gas field and bidding results will be announced soon, Egyptian Oil Minister Sameh Fahmy has said.

KS Medstar-1 Commences Operations for Petrobel

KS Energy has taken delivery of KS Medstar-1 and the rig began its contract with Belayim Petroleum Company ("Petrobel"), on April 11, 2008 in the Mediterranean Sea. Petrobel is a joint venture between the Egyptian General Petroleum Corporation and Agip/ENI, the petroleum company of Italy.

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