exploration | Egypt Oil & Gas - Part 12
Ministry of Petroleum to Offer New Exploration Tenders
Minister of Petroleum Tarek El Molla announced on July 31 that the ministry is planning to increase investment opportunities for oil and gas exploration by offering new tenders for the Red Sea and West Mediterranean a...
EGPC, BP Sign $46M Gulf of Suez E&P Deal
The Egyptian General Petroleum Corporation (EGPC) and BP have signed a $46 million oil and gas exploration and production (E&P) deal for the Eastern Ramadan area in the Gulf of Suez, Mubasher reported. A $4 millio...
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, Reuters reported. Output losses were caused after unusually...
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, Proactive Investment reported. The well was drilled to depth of 3,180...
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, Reuters reported. Crescent was the sole bidder for the Khashim Ahmer-Injana exploration block, which lies cl...
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, an official source has stated, according to Zawya New...
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 fiscal year (FY) 2018/2019, according to the company’s Head, Mohamed Shimy, Egypt Oil & Gas Reports. The ...
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, Egypt Oil & Gas reports. TransGlobe Energy has allocated $11.8 mill...
