drilling | Egypt Oil & Gas - Part 24

Irish Petroceltic to Drill Near Egypt’s Zohr Field

Ireland’s Petroceltic will begin drilling 5 km West of Eni’s Zohr mega discovery next year, reported Irish Examiner. Petroceltic holds two licences offshore Egypt, one awarded in 2013 and the other late la...

Khalda Issues Tender for a New Rig

Egypt Oil & Gas learned that Khalda issued a new tender to lease a rig for the company’s operations in the Western Desert. The rig will drill three gas exploratory and development wells with an investment of...

Petroalam Issues a New Tender for Rigs

Egypt Oil & Gas learned that Petralam has issued a tender to lease a new rig for drilling in the Red Sea. The decision comes in light of the company’s plan to boost its production of both crude oil and natur...

El-Hamra Oil Tender for New Rig to Drill Wells in Western Desert

Egypt Oil & Gas learned that El-Hamra Oil is preparing to launch a tender to hire a new rig for the implementation of the company program for the current fiscal year in the Western Desert concession area. The comp...

OSOCO Issues Tender for New Rig in Egypt’s Gulf of Suez

Egypt Oil & Gas has learned that Offshore Shukeir Oil Company Co. (OSOCO) is preparing to launch a tender for a new rig for its development plan for the current fiscal year in the Gabal Al-Zayt concession area in...

PETROSILAH Drills New Exploratory Well in Western Desert

Egypt Oil & Gas has learned that PETROSILAH has completed the drilling of a new exploratory crude oil well in the Western Desert concession area in order to implement the company’s drilling program during the cur...

NORPETCO Issues Tender for New Rig in Egypt’s Western Desert

Egypt Oil & Gas has learned that NORPETCO has launched a new tender to hire a new rig to execute its drilling program for the current fiscal year in the El-Bahariya fields in the Western Desert concession area. T...

Obstacles Persist to Arctic Drilling

There are serious obstacles still confronting Arctic drilling, stated The New York Times in a recent expose. The article mentioned multiple issues, not the least of which are persistently low oil prices. While the Arc...

EGPC to Issue Tender for 3 Rigs

Egypt Oil & Gas (EOG) learned that EGPC will issue a tender before the end of this year to lease 3 rigs. The rigs are to drill 5 new wells operated by Petrobel and Khalda in the Western Desert.

US Shale Producers Lose Price Bet

The majority of US shale oil and gas producers passed up the opportunity to hedge prices by guaranteeing at least $60/b last quarter, Reuters reported. Roughly 70% of US companies did not choose to hedge prices, osten...

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