drilling | Egypt Oil & Gas - Part 15
KOC Signs $1.3B Contracts for Purchasing Drilling Rigs
The Kuwait Oil Company (KOC) has signed contracts worth $1.3 billion to buy over 86 drilling rigs, Kuwait Times reported. CEO Jamal Jaafar said that the contract represents the largest order in the company’s his...
TransGlobe Allocates $24.1M Capital Budget for Egypt in 2019
TransGlobe Corporation has announced it will allocate a $24.1 million capital budget for Egypt during 2019, Egypt Oil & Gas reports. The company has set aside $7 million for drilling two exploration wells in the E...
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, Reuters reported. Turkey and t...
Saudi Aramco to Spend $133B on Drilling over Next Decade
Saudi Aramco plans to spend $133 billion on oil and gas drilling over the next decade, a senior company executive revealed on September 17, Reuters reported. “We will spend more than half a trillion Saudi Riyals...
Petrobel Drilled 35 Wells in 2017/18
Belayim Petroleum Company (Petrobel) drilled 35 wells in fiscal year (FY) 2017/18 at a total cost of $179 million, Egypt Oil & Gas reports. Company head Atef Hassan said that the newly-drilled wells include 30 wel...
Rowan Wins Saudi Aramco Rig Tenders
Rowan Companies jack-up rigs joint-venture ARO Drilling has been awarded six three-year contracts by Saudi Aramco for Rowan rigs, Pipeline Oil and Gas Magazine reported. When the existing agreements for the rigs expir...
Dana Gas to Begin Exploratory Drilling in North Arish Concession
Dana Gas will start drilling the first exploratory well at Block 6 of the Mediterranean North Arish concession before the end of 2018, Amwal Al Ghad reported. North Arish is the first offshore concession to be operate...
Tharwa Petroleum to Drill in North Sinai’s Noor Concession
Tharwa Petroleum Company is waiting for official approval for exploration and production (E&P) in the Noor concession in order to start drilling work, a source at the company told Amwal Al Ghad. Upon signing the a...
