exploration | Egypt Oil & Gas - Part 21
Roseneft Join Forces with ExxonMobil in Mozambique
RN-Exploration is a 100 percent-owned subsidiary of Rosneft of Russia and Exxon Mobil Exploration and Production Mozambique Offshore Limited is also a 100 percent subsidiary of US group ExxonMobil. The two companies s...
Genel Still Awaiting More of Owned Money from Iraq Kurds
Genel Energy has put all exploration work on hold for this year to rein in costs, the London-listed oil producer said waits nearly $400 million in oil sales payments from the Kurdistan Regional Government (KRG). Genel...
EGPC Studying Magapetco’s Hurghada extension request
An official source at EGPC told Al Mal newspaper that the Magawish Petroleum Company (Magapetco) was in negotiations with EGPC to discuss the possibility of extending the oil exploration concession in Hurghada for a 1... Egypt’s Debt to Foreign Oil Companies Up by 6.1%
Egypt’s debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Sunday...
EGAS Signs Deal with Norwegian’s PGS to Conduct Largest Mediterranean Seismec Project
Egypt’s state-owned gas company EGAS will carry out the largest seismic oil and gas exploration project in the Mediterranean, seeking data that could attract global exploration companies, it said. EGAS said it has sig...
Gupco’s GS277 Field Reserves Climb to 4mmbls
Gupco completed the drilling of an exploration well, GS277-A5, in order to explore along the eastern part of the GS277 field, sources at Gupco told Egypt Oil & Gas. During the drilling operations the pressure of t...
Dana Gas Begins Drilling in Balsam-2
Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to confirm that it has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta. T...
Egypt’s Petroleum Ministry Announces $2bn Exploration Deal with Eni
Egypt signed an exploration deal worth $2bn with Italian company Eni, the Petroleum Ministry said on Monday. The deal encompasses four years of exploration activities in the Sinai and Nile Delta regions, worth $1.5 bi...
