News / Egypt
Inside BP’s $7 billion deal with Apache
Some oil companies grow through the drillbit, risking it all on wildcat wells. Not so Apache Corp., which has instead chosen to grow via the pocketbook, for decades grabbing and rehabbing Big Oil's castoffs. Apache's $7 billion purchase of oil and gas fields from BP in July is the biggest the company has ever pulled off. The key to getting first shot at good deals? Make sure the sellers know you're a buyer. Dana Gas 2Q Net Pft At AED33M,Eyes 4Q Egypt Asset Sale
UAE-based Dana Gas posted a net profit of 33 million dirhams ($8.98 million) in the second quarter, as its Egypt and Kurdistan operations delivered high output, but the results fell short of analysts estimates. Egypt’s oil and gas reserves rise in 2009/10
Egypt's proven reserves of oil and gas rose to 18.3 billion barrels equivalent in the year to end-June, and the country expects to boost them to 20 billion over the next two years, said the state news agency. Circle sees Egyptian flows
London-listed explorer Circle Oil said it was currently performing production tests on the Al Amir 1-ST2 well in the onshore North West Gesma concession, Egypt. Abu Qir: Renovation of North Delta fields
Abu Qir Petroleum Company is preparing for the treatment of some its exploratory and development wells located its acquisition area in the Mediterranean during the current fiscal year of 2010 - 2011. The total budget of the project is expected to be declared soon. Dana Petroleum Discovers New Oil Field at North Zeit Bay
Dana Petroleum announced that the Fin-1X exploration well has discovered a new oil field, in the North Zeit Bay Production Sharing Contract ('PSC') area onshore in the Gulf of Suez, in Egypt. This follows the discovery of the Lorcan oil field, made just last month in the same PSC area. RWE Dea invests US$3.6 Billion in gas and Development Field, Egypt
Rwe Dea will be investing 3.6 billion US-Dollars in the field development in the North Alexandria and West Mediterranean Deep Water concessions- the biggest single investment for the company to date. The Minister of Petroleum of Egypt and Eni sign a strategic agreement for new upstream and downstream initiatives
The agreement reinforces the cooperation between Eni, the Ministry of Petroleum and the two Egyptian state oil and gas companies EGPC and EGAS. 
