70% Gas Probabilities Discovered in the Red Sea
The results of geophysical data collection in the Red Sea, conducted by Schlumberger and Ganope, revealed gas discoveries probabilities exceeding 70% as per a seismic survey.
Egypt | Egypt Oil & Gas - Part 228
Petroceltic to File an Arbitration Case against EGPC
The company plans to file an arbitration case as EGPC breached obligations in several gas sales agreements and was not able to pay its debts in time.
Egypt to Export 550 mmscf/d of Gas via Damietta Plant in April
The MoP agreed with its foreign partners to compensate for the plant's halting period by deducting amounts from EGAS' profits from the plants re-operations.
Lekala, EETC Sign PPA Wind Farm Agreement
The wind farm is expected to help Egypt achieve its targets for renewable energy under the Build Own Operate (BOO) scheme
SUMED, ATC Sign Diesel Storage Agreement
The project has a total storage capacity of 222,000 cubic meters in Sidi Krir and will be re-exported to European Markets.
Car Gas Targets 200 Natural Gas Stations
The rate of cars shifting to natural gas increased to 2,500 vehicles per month
Dana Gas to Drill Egyptian Mega Gas Project
The company collected seismic data that revealed natural gas reserves up to 20 trillion cubic feet, which will make it second to the Zohr mega field in production.
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 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.
