BP | Egypt Oil & Gas - Part 26
El Molla Signed 3 New Petroleum Exploration Deals
Egypt signed 3 new petroleum agreements with the Italian Egyptian Oil Company (IEOC), a subsidiary of Eni, and UK's BP. The deals are worth $595m and are for the exploration and production of natural gas and oil.
Eni, BP Drilled 2nd Well in South Baltim
Eni and BP finished drilling the second well in South Baltim to produce 350mcf/d of gas.
BP Boosts Gas Production in Egypt
UK's British Petroleum (BP) aims to boost their gas production in Egypt through enhancements of their concessions in the country in Taurt, Northern Alexandria, West Mediterranean, and Ras Al Bar gas fields.
Iraq to Review Oil Foreign Contracts
Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low.
Eni Plans to Sell 20% of Zohr Field
Italy's Eni plans to sell at least a 20% stake in Zohr field in Egypt to different oil companies including Russian Lukoil, US ExxonMobil, French Total, and UK's British Petroleum in order to raise around $5.5b from a ...
Iraq Reached $3.6b Foreign Oil Investment Deal
Iraq has reached an agreement with BP, Shell, and Lukoil to restart stalled investment in oil fields that the firms are developing, allowing projects that were halted this year to resume and crude production to incre ... Egypt Approves Five New Oil, Gas Exploration Deals
Egypt's government has approved five oil and gas drilling and exploration agreements with foreign companies.
BP Eyes Gas Production Rise in Atoll Field
BP eyes boosting Atoll field production from the current 200mcf/d to 300mcf/d of gas by December 2018.
