drilling | Egypt Oil & Gas - Part 25
GUPCO Expands Production After Field Developments
Egypt Oil & Gas (EOG) learned that GUPCO has drilled 3 new wells in its concession area in the Gulf of Suez by drilling three new wells – Hilal B1, Hilal B2 and EDFU A7 ; in addition to an exploratory well GS277-...
Circle Oil Renews Contracts for Tunisian Field
Irish oil producer Circle Oil recently renewed its contract for a Tunisian concession, The Irish Times reported. The renewed permit gives Circle drilling and exploration rights within the El Mediouni structure, and co...
EGPC to Announce New Bid Round
Sources at the Egyptian General Petroleum Company (EGPC) informed Egypt Oil & Gas (EOG) that the company is preparing to issue a new bid round before the end of the year. The Bid Round will include 15 Exploration ...
Israel Agrees to Mediterranean Field Deals
Israel’s cabinet has reached agreements with Noble Energy and Delek Holdings to increase gas production in the East Mediterranean fields of Tamar and Leviathan, reported Quartz. The new deal, which still must be appro...
North Sea Shedding Assets, Employees
Oil and service companies operating in the North Sea are writing down assets and firing workers in an effort to lower production expenses, reported The Scotland Herald. Firms such as Dana Petroleum are recording losse...
Dana Gas Reports 85% Drop in Profit from Year Earlier
The UAE-based Dana Gas announced an 85% drop in profit compared to last year, reported Bloomberg. The company, which is the largest private gas producer in the Middle East, has extensive assets in Egypt and Iraq. Howe...
Bapetco Increases Production to 132,600 B/D, Adds 5M in Oil Reserves
The chairman of Badr El Din Petroleum Company (Bapetco), a joint venture between the EGPC and Royal Dutch Shell, recently announced the addition of exploratory well Bed3C6-1 to production, Daily News Egypt reported. T...
Israel Still Struggling to Produce Gas from Mediterranean
Despite promising signs, Israel is still struggling to produce large amounts of natural gas from its Mediterranean fields, says Reuters. The Tamar field, estimated at around 10tcf of reserves, has only one operating p...
