Abu Qir Petroleum Allocates $190 M Investments in FY 2019/20 Budget
The company will drill and complete five development wells, adding around 5,000 boe/d to its production.
Egypt | Egypt Oil & Gas - Part 219
Egypt Announces Winning Bids for 12 New Concessions
Egypt’s Minister of Petroleum Tarek El Molla announced the winners of the bid rounds that were announced last year with EGPC and EGAS, on the sidelines of EGYPS 2019.
Several MoUs Signed During EGYPS 2019
Minister of Petroleum Tarek El Molla witnessed the signing of multiple MoUs on the sidelines of the EGYPS 2019.
Khalda Petroleum Allocates $747 M Investments for 2019/20
The company plans to drill 35 exploratory wells and 44 development wells and to complete wells to achieve an average production of 134,000 barrel per day (b/d) of crude oil, 28,000 b/d of condensates, 106 tons of ...
Qarun Petroleum to Invest $238 M in 2019/20
The company will drill 25 development wells and 10 exploratory wells in FY 2019/20 and it plans to produce 41,000 barrels per day (b/d).
Prime Minister to Inaugurate EGYPS 2019
Minister of Petroleum, Tarek El Molla, announced that Prime Minister, Mostafa Madbouly, will inaugurate the Egypt Petroleum Show (EGYPS 2019) on behalf of President Abdel Fattah El Sisi, on February 11th.
Shell Awaits Red Sea E&P Tender
Shell Egypt is waiting for the bid round to be launched in order to study the possibility of bidding in it, based on studying data and information related to the concessions in the bid round.
Egypt Conducts Seismic Survey on Suez Gulf, Western Desert
Stable production is a positive sign in a time in which oil fields annual production declined by around 20% to 25%.
Petrobel Allocates $1.2 B for Zohr Development
The company is having an ambitious plan to produce around 1 bcf of natural gas and 1.8 million barrels of condensates, boosting the field's production to 3 billion bcf/d after all the phases are completed.
Egypt to Renew Importing Iraqi Crude Contract
Iraqi crude oil cargoes contribute to the local market's fuel demands, preventing bottlenecks, Tarek El Molla, Minister of Petroleum, noted.
