Osama Kamal, Former Ministry of Petroleum, told Daily News Egypt that the North Alexandria deal includes a revolving letter of credit worth the contractor’s share value in the gas that is renewed every three months.
Egypt Oil & gas learned that British Petroleum (BP) will begin production at its North Alexandria concession early 2017, rather than mid-2017, as originally planned.
Drones are being used by more than just militaries and spy agencies, companies are seeing additional value as tools in the oil and gas industry, Bloomberg
The work scope includes the engineering, procurement, installation and pre-commissioning of subsea infrastructure required to develop the hydrocarbon resources from nine wells including 75 km of umbilicals and 100 km ...