Turkish Oil Ship Drills in Mediterranean
A Turkish Oil Ship has started to drill for oil and gas in the Mediterranean Sea on October 31, sparking fears over potential disputes with neighbors Cyprus and Greece over jurisdiction.
A Turkish Oil Ship has started to drill for oil and gas in the Mediterranean Sea on October 31, sparking fears over potential disputes with neighbors Cyprus and Greece over jurisdiction.
Saudi Aramco plans to spend $133 billion on oil and gas drilling over the next decade, a senior company executive revealed on September 17.
Belayim Petroleum Company (Petrobel) drilled 35 wells in fiscal year (FY) 2017/18 at a total cost of $179 million.
Rowan Companies jack-up rigs joint-venture ARO Drilling has been awarded six three-year contracts by Saudi Aramco for Rowan rigs.
Dana Gas will start drilling the first exploratory well at Block 6 of the Mediterranean North Arish concession before the end of 2018.
Tharwa Petroleum Company is waiting for official approval for exploration and production (E&P) in the Noor concession in order to start drilling work.
Transglobe Energy Corporation has announced the completion of a drilling operation at Egypt's K-45 development well.
The Egyptian Drilling Company (EDC) owns 74% of the offshore and onshore drilling market in Egypt, alongside performing 35% of well-repair activities.
Petroleum Marine Services (PMS) signed 35 contracts worth $276 million, reaching its highest contracting rate since the day of its establishment, said Al Sayed Al Badawy, Head of PMS.
Qarun Petroleum Company plans to drill 22 wells to expand its activities during fiscal year (FY) 2018/2019, for production to reach 11.9 million barrels during the fiscal year.