Circle closes Gemsa farm-in

• Thursday, 31st January 2008
• by Egypt Oil & Gas

London-listed Circle Oil has farmed into a 40% stake in Egypt’s North-West Gemsa Block under a deal with local company Vegas Oil & Gas. The concession covers 400 square kilometres about 300 kilometres south-east of Cairo in the Suez basin.

Discoveries in Australia, Egypt launch Apache’s 2008 exploration program

• Monday, 28th January 2008
• by Egypt Oil & Gas

The Hydra-1X exploration well in Egypt's Western Desert test-flowed 41.6 million cubic feet (MMcf) of natural gas and 1,313 barrels of condensate per day from the Jurassic Lower Safa formation.

Groundstar Breaks Ground in Egypt for First Exploratory Drilling

• Sunday, 27th January 2008
• by Egypt Oil & Gas

Groundstar Resources reports that a new 2000 HP drilling rig (Rig # ZJ-46) built in China was delivered to the Gulf of Suez in mid-January. This rig is on an 18-month contract for WEEM and West Kom Ombo Blocks on a call out basis.

GeoGlobal Signs Assignment and Option Agreements With GSPC For Egypt Exploration Blocks

• Wednesday, 23rd January 2008
• by Egypt Oil & Gas

GeoGlobal Resources Inc. has assigned to Gujarat State Petroleum Corporation (GSPC) all its rights to receive a 30% participating interest in two exploration blocks awarded by the Arab Republic of Egypt in exchange for an option exercisable on or before April 30, 2008 to reacquire all or a portion of those rights.

Melrose Deepens, Sidetracks Egyptian Well After Gas Shows

• Sunday, 20th January 2008
• by Egypt Oil & Gas

Melrose Resources reported that the EDC-53 rig is currently drilling the West Zahira No.1 well, which was designed to test an exploration prospect located to the north-west of the West Dikirnis oil field.

Trio team up in Middle East play

• Sunday, 20th January 2008
• by Egypt Oil & Gas

Construction consultancy Hill International has teamed up with the Egyptian Natural Gas Holding Company (Egas) and the Egyptian Natural Gas Company (Gasco) to form a joint venture outfit which will provide project management services to oil and gas projects throughout the Middle East and Africa.

Petrogas revs up in Egypt play

• Monday, 14th January 2008
• by Egypt Oil & Gas

Oman's Petrogas has taken a 30% stake in onshore Area A, in Egypt, from Australian plyer Oil Search, as the Omani company boosts its presence in North Africa.

TransGlobe to get Egypt boost

• Sunday, 13th January 2008
• by Egypt Oil & Gas

Calgary-based TransGlobe Energy is to acquire privately held GHP Exploration for $40.2 million.

BG names Egypt’s first LNG ship

• Tuesday, 8th January 2008
• by Egypt Oil & Gas

BG Egypt, a wholly owned subsidiary of BG Group plc, recently named the first Egyptian-owned Liquefied Natural Gas (LNG) ship, the Methane Nile Eagle.

Dana Gas exceeds 2007 production goals in Egypt

• Sunday, 6th January 2008
• by Egypt Oil & Gas

Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has announced an exit rate of 32 thousand barrels of oil per day equivalent for 2007, exceeding company expectations. The early production from two new discoveries has contributed substantially to the favorable production rate and brings significant development potential to Egypt.