GPC Seeks EGP 2.4 B Banking Finance
The negotiations are still at the initial phases, a source at GPC noted.
GPC | Egypt Oil & Gas - Part 5
El Noubi: GPC Produced 33 mboe in FY 2017/18
The General Petroleum Company (GPC) produced 33 million barrels of oil equivalent (boe) during fiscal year (FY) 2017/18.
GPC to Drill 18 Wells in 2018/2019
The General Petroleum Company (GPC) plans to drill 5 exploratory wells and 13 development wells, as well as maintain and complete 27 wells during FY 2018/2019.
GPC to Raise EGP 3.2B
Al Ahli Bank of Kuwait (AKB) will partially finance an EGP 3.2 billion loan package to the General Petroleum Company (GPC) to support exploration and drilling operations.
PMS Installs 2nd Platform for GPC
Petroleum Marine Services (PMS) installed a second platform, weighing 600 tons, for the General Petroleum Company (GPC).
GPC Awards New Contract to ADES
General Petroleum Company (GPC) awarded a new contract to ADES International Holding for its ADMARINE III offshore jack-up rig, Egypt Oil & Gas reports.
Banking Alliance to Provide EGP 2.3B for GPC Exploration
General Petroleum Company (GPC) signed an agreement with six banks for an EGP 2.3 billion loan to finance oil and gas exploration.
GPC Increases Production by 5%
Egypt’s state-owned General Petroleum Company (GPC) increased its production by 5% to reach a production rate of 86,400 barrels of oil equivalent per day (boe/d) in fiscal year (FY) 2016/2017).
El Molla Issues New Promotions
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced new appointments and promotions.
