Shell Starts Drilling First Exploration Well by End of August
Shell announced that the “Discoverer India” Drillship will start drilling in the first 6,000 meters deep marine well, West Delta Deep Marine (WDDM) concession by the end of this August.
EGPC | Egypt Oil & Gas - Part 26
EOG Launches New HSE Subcommittee
The first meeting of the EOG HSE Subcommittee was held on Wednesday at Halliburton's office to discuss ideas on how to enhance HSE practices across the Egyptian petroleum sector and raise the level of awareness am ...
Egypt’s Crude Oil Production to Increase 50,000 b/d YOY
Crude oil production is targeted to reach approximately 710,000 barrels per day (b/d) by June 2020, up from 650,000 - 660,000 in H1 2019.
EGPC to Launch Oil, Gas Exploration Tender End of Year
The tender is expected to include from eight to 12 concession blocks, including areas in the Western Desert, the Gulf of Suez, and the Eastern Desert, where crude oil is expected be found.
Fuel Resumes to Normal Pumping Rate
The fuel pumping rate into market will get back to 20 million liters a day, after it has been increased with almost 10% to reach 25 million liters during Eid al-Adha.
Egypt’s Fuel Exports Surpass $600 MM
The petroleum sector’s fuel exports’ total value exceeded $600 million.
EGPC to Raise Fuel Inflows During Eid
The government will increase gasoline supplies pumped to the local market during Eid Al-Adha feast, by around 10% to nearly 25 million liters per day.
Qalaa Holdings Explains Reduced Stake in ERC
Qalaa Holdings has confirmed in a market statement that its stake in the Egyptian Refining Company (ERC) has decreased to 13.14% because other shareholders have underwritten additional equity.
Egypt Pumps 1.2 MM Tons of Diesel across Governorates
The petroleum sector increased the diesel supply across Egypt’s governorates to reach 1.2 million tons per month following the new fuel prices.
Oil Production to Reach 720,000 b/d by 2020
The Petroleum sector seeks to raise its daily crude oil production to reach 720,000 barrels per day (b/d) by the end of fiscal year (FY) 2019/2020.
