Egypt | Egypt Oil & Gas - Part 329
Cabinet Extends SUMED’s Mandate
The Egyptian cabinet extended the Arab Petroleum Pipeline Company’s (SUMED’s) mandate for an additional 27 years.
Egypt Approves New Investment Regulations to Bolster FDI
Egypt’s cabinet finalized and issued regulations for the country’s new investment law.
Rockhopper Produces 3,300 b/d from Abu Sennan Field
Rockhopper Exploration PLC announced that production from the Abu Sennan field averaged 3,300 barrels per day of oil equivalent (BOE/D) during the first half of 2017.
TransGlobe Produces 13,851 b/d of Crude
TransGlobe Energy Corporation announced production rates of 13,851 barrels per day (b/d) of oil from its Egyptian fields during the second quarter of 2017.
Petrojet Completes Manifolds for Zohr
Petroleum Projects and Technical Consultations Company (Petrojet) completed its production of subsea manifolds for the giant Zohr field.
GPC to Take EGP 3 B Loan for Exploration
The National Bank of Egypt (NBE) and Banque Misr are securing a EGP 3 billion loan for General Petroleum Company (GPC) to fund exploration and drilling activities, as well as debt restructuring.
Zohr’s Investments to Exceed $4B
Egyptian Zohr field's total investments may increase to more than $4 billion by the third quarter of 2017, from the current $3.8 billion, making around 5% increase.
Dana Gas: Production in Egypt Rose in 1H
Dana Gas announced that its production of gas in Egypt rose by 13%.
