Arabian Gulf Oil Company Returns to Full Production After Power Problems
Oil output from Libya’s Arabian Gulf Oil Company (AGOCO) has returned to its normal level of 250,000 barrels per day (b/d) after electricity supply problems.
exploration | Egypt Oil & Gas - Part 11
Chariot Fails to Find Hydrocarbons in Moroccan Well
Chariot Oil & Gas failed to find hydrocarbon deposits in the offshore Moroccan Rabat Deep exploration well, for which they have a 10% interest.
Iraq Awards Two Blocks to UAE’s Crescent Petroleum
Iraq has awarded the Khashim Ahmer-Injana block and the Gilabat-Qumar block to UAE-based Crescent Petroleum.
EGAS to Launch Natural Gas Exploration Outbidding
The Egyptian Natural Gas Holding Company (EGAS) plans to launch outbidding for the exploration of nine offshore and onshore natural gas concessions during Q2 2018.
Ganope’s Production Plan to Reach 8.9 M Barrels
South Valley Egyptian Petroleum Holding Company (Ganope) plans to produce 8.9 million barrels of oil during FY 2018/2019.
TransGlobe Energy Allocates $29.1 M for Egypt in 2018 Budget
TransGlobe Energy Corporation has announced its 2018 capital budget allocating $29.1 million for operations in Egypt and $12.2 million in Canada.
GlobalConnect’s Acquisition of a 25% Share in Abu Sennan Approved
The Egyptian government approved GlobalConnect’s acquisition of a 25% stake in the Abu Sennan Concession.
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.
Apache, APEX, Shell Awarded 5 Concessions in EGPC Tender
he Egyptian Cabinet and Parliament approved the signing of contracts with US Apache, APEX International Energy, and Royal Dutch Shell, as the companies won five concession areas in the Western Desert.
