drilling | Egypt Oil & Gas - Part 25

Chevron Boosts Efficiency Even as Profits Slide

For Chevron Corp., a dollar spent in the Permian Basin can get 35 percent more oil out of the ground than it could last year, as drilling costs have fallen and as the company works faster on more fertile wells.

Ghana and Suriname Offshore Blocks Progressing

Tullow Oil says its three-field TEN development project offshore Ghana is around 65% complete and on schedule for first oil in mid-2016.

Q3 Startup of Nigerian Offshore Field Announced

Lekoil has issued an update regarding operational activity at the Otakikpo marginal field in Nigeria.

Contractor Awarded $500m by BP and DEA for North Alexandria

Subsea 7 S.A. today announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt.

Shell Icebreaker Takes on Repairs in US State of Oregon

Environmental activists in Portland are protesting the arrival of the Fennica, a vessel that Royal Dutch Shell PLC plans to use in its Arctic offshore drilling project after it's repaired.

Gulf of Mexico Drilling Rigs Sit Idle

The Gulf of Mexico and the Caribbean Sea have become a garage for deepwater drillships -- at a cost of about $70,000 a day each. It’s either that or send your precious rig to a scrapyard.

GUPCO Re-establishes Ruined Platform in Hilal field

Gupco successfully completed the manufacture and installation of a new marine platform in the Hilal offshore field

Gupco’s GS277 Field Reserves Climb to 4mmbls

Gupco completed the drilling of an exploration well, GS277-A5, in order to explore along the eastern part of the GS277 field.

BP to Pay $39m of Dana Gas’s Exploration Costs in Egypt

Dana Gas has signed an agreement for BP to pay for part of its exploration costs in the El Matriya onshore concession area in Egypt.

Bapetco Investing in New Wells to the Tune of $380 million

Emad Hamdi, Chairman Badr al-Din Petroleum Company (Bapetco), said his company will invest $ 380m during 2015-2016 to add new wells.

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