Petrobel Beats FY 2017/18 Production Targets
Belayim Petroleum Company (Petrobel) beat its fiscal year 2017/18 crude production targets, pumping 433,000 barrels of oil equivalent per day.
Egypt | Egypt Oil & Gas - Part 252
Petrobel Drilled 35 Wells in 2017/18
Belayim Petroleum Company (Petrobel) drilled 35 wells in fiscal year (FY) 2017/18 at a total cost of $179 million.
Pharaonic Petroleum Announces 174 bcf of Gas Production in FY 2017/18
Pharaonic Petroleum Company produced 174 billion cubic feet (bcf) of natural gas and 2.2 million barrels of condensates during fiscal year (FY) 2017/18.
GUPCO Crude Production Hits 71,000 b/d in FY 2017/18
The Gulf of Suez Petroleum Company's (GUPCO) produced an average of 71,000 barrels per day (b/d) of crude oil and condensates in fiscal year (FY) 2017/18 from its field in the Gulf of Suez.
Egypt to Pay Union Fenosa $2B in Gas Dispute
Egypt will pay $2 billion to Union Fenosa Gas Company as a settlement for halting gas supplies to the company’s Damietta LNG plant in 2012.
Eni Makes New Gas Discovery in Egypt’s Western Desert
Eni has announced a new natural gas discovery in Egypt's Western Desert.
Sisi Discusses Energy Sector Cooperation with Italian Deputy PM
Egyptian President Abdel Fattah El-Sisi and Italian Deputy Prime Minister Luigi Di Maio discussed energy sector cooperation during a meeting on August 29.
Apache to Increase Investment in Egyptian Oil Exploration to $1B
Apache has announced its plans to increase its annual investment in Egyptian oil exploration projects to $1 billion.
Cyprus to Ship Gas to Egypt in 2022
Cyprus is hoping to ship gas from its 4.5 trillion cubic feet Aphrodite offshore gas field to Egypt by 2022, Cyprus energy minister Giorgos Lakkotrypis has said.
El Molla: Petroleum Sector Attracted $10B FDI in 2017/18
Foreign direct investment (FDI) in Egypt’s oil and gas sector reached $10 billion in fiscal year (FY) 2017/18, Minister of Petroleum Tarek El Molla told Al Ahram newspaper in an interview published on August 24.
