With investments of about $ 1.5 million, the General Petroleum Company (GPC) succeeded in drilling one of the oldest fields in the Gulf of Suez at a depth of 2256 meters, it is the development well Amer-81. The well was tested at an initial rate of 600 bbls/d.

GPC started its first extraction from Al-Hamd field at the Gulf of Suez concession area with a production rate of about 1500 barrels per day (bbls/d)

The Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas Holding Company (EGAS) have offered the first digital international bid round in 2021 for petroleum exploration and production (E&P) operations in 24 Blocks at the Gulf of Suez, Western Desert and the Mediterranean.

Egypt announced the start of a bid round for oil and gas exploration in 24 blocks, according to Reuters.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, and the Minister of Environment, Yasmine Fouad, followed up on the environmental compliance and reform plans concerning the industrial drainage issue facing petroleum companies operating in the Gulf of Suez and Alexandria.

President Abdel Fattah Al-Sisi ratified Law No. 159 of 2019 authorizing the Minister of Petroleum and Mineral Resources (MoP) to contract with the Egyptian General Petroleum Corporation (EGPC) and Neptune Energy.

SDX’s South Disouq and West Gharib production in H1 2020 exceeded the company’s 2020 guidance with 6,980 barrels of oil equivalent per day (bbloe/d), noting a 97% increase than H1 2019.

General Petroleum Company (GPC) has achieved a production record of 62,000 barrels per day (bbl/d) for the first time ever since its establishment in 1957.

Minister of Petroleum and Mineral Resources Tarek El Molla and Minister of Environment Yasmine Fouad followed up on the industrial drainage problem and reviewed the environmental reform plans for petroleum companies operating in the Gulf of Suez.

Belayim Petroleum Company (Petrobel) has submitted an early termination of the Trident 16 contract with Shelf Drilling.