Gulf of Suez | Egypt Oil & Gas

PetroGulf Boosts Drilling Efficiency,Cuts Costs by $700,000

PetroGulf Misr has successfully implemented an advanced drilling model at the GNN-16 well in the Gulf of Suez, reducing operational costs by $700,000 and shortening the drilling timeline by 5.5 days, according to ...

Gulf of Suez Operators Hold Workshop to Boost Drilling Efficiency

Operating companies at the Gulf of Suez regions have gathered in a workshop to discuss strategies to improve performance and reduce costs of well drilling operations at the headquarters of the Gulf of Suez Petrole ...

Eni Kicks Off New Investment Program in Egypt with Belayim Well

Karim Badawi, Minister of Petroleum and Mineral Resources, inspected drilling operations at the Belayim offshore 133 well in the Gulf of Suez, marking the first drilling activity under Italian energy company Eni's ...

EGPC Signs $30Mn Oil Exploration, Production Deal with Cheiron

Cheiron has signed with the Egyptian General Petroleum Corporation (EGPC) an agreement for oil exploration and production in the East Gemsa offshore area in the Gulf of Suez. The deal, which covers the drilling of ...

Egypt Makes New Offshore Oil Discovery in Gulf of Suez

Ministry of Petroleum and Mineral Resources announced a new offshore oil discovery in the Gulf of Suez after drilling the NER-1X well. Production is expected to begin within days at about 3,000 bbl/d, using the ex ...

Egypt Extends Eni Concession in Gulf of Suez and Nile Delta to 2040

Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italy’s Eni, to extend the Gulf of Suez and Nile Delta concession until 2040. This extension allows for the full economic utilization of t ...

Badawi to Petrocast: Egypt’s 2026 Mediterranean Drilling Campaign Targets 12 tcf of Gas

Egypt will launch one of the largest natural gas exploration campaigns in the Mediterranean in 2026, marking a major step in reviving domestic production and attracting new investments, Karim Badawi, Minister of P ...

Ganope Completes Red Sea Geological Expedition to Support Upcoming Bid Round

The South Valley Egyptian Holding Petroleum Company (Ganope) has completed a geological field expedition in the southern Gulf of Suez and Red Sea region to deepen understanding of the basins, supporting the planne ...

UAE Dragon Oil to Invest $30mn in New Wells in Gulf of Suez

UAE Dragon Oil has signed a new agreement with the Egyptian General Petroleum Corporation (EGPC) to drill at least two new oil and gas wells within East El-Hamd area in the Gulf of Suez region with investments of ...

EGPC Strikes Three New Exploration Agreements Across Egypt

The Egyptian General Petroleum Corporation (EGPC) has signed three new agreements with international companies to explore for oil and gas in the Western Desert, Gulf of Suez, and North Sinai regions.

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