The Egyptian General Petroleum Corporation's (EGPC) Chairman, Abed Ezz, said that 60 new discoveries had been realized during the previous fiscal year in the fields of petroleum and natural gas, adding that two ne ...
Agiba Petroleum Company has increased its crude oil production to nearly 45,000 barrels per day (b/d) from its fields in the Western Desert and the Gulf of Suez, a source at Agiba Petroleum said to Amwal Al Ghad n ...
Crude oil production is targeted to reach approximately 710,000 barrels per day (b/d) by June 2020, up from 650,000 - 660,000 in H1 2019.
The meeting reviewed the work progress of the new techniques used in seismic data collection in Gulf of Suez, aimed for preparing a study of new geological concepts and increasing production and reserve rates.
Investments in the new project are expected to reach around EGP 4 billion.
Dragon Oil has reached a full agreement with BP for the acquisition and the deal is expected to be completed after obtaining the Egyptian Ministry of Petroleum’s approval in H2 2019 following the necessary procedu ...
The agreement was signed by Minister of Petroleum, Tarek El Molla; head of EGPC, Abed Ezz El Regal; and DEA Egypt’s General Manager, Sameh Sabry.
Stable production is a positive sign in a time in which oil fields annual production declined by around 20% to 25%.
The competing companies include Spanish Siemens –Gamesa, Danish Vestas, and German Senvion.
Oil minister Tarek El Molla has signed two oil and gas exploration and production (E&P) agreements in the Sinai and the Suez Gulf with investments of $65 million and $3.5 million signature grant.
