Petrobel Extends Shelf Drilling Contract
Belayim Petroleum Company (Petrobel) allowed a one-year extension for Shelf Drilling contract for Trident 16 jack-up rig.
Gulf of Suez | Egypt Oil & Gas - Part 5
Dragon Oil to Boost Investments in Egypt by $650 MM
Dragon Oil is planning to increase its investments in Egypt through acquiring some operating assets in the Western Desert in the next five years.
House of Representatives Approves 11 Exploration Agreements
The Energy and Environment Committee of Egypt’s House of Representatives, Chaired by Talaat El Sewedy, approved 11 projects, delegating the Minister of Petroleum and Mineral Resources, Tarek El Molla, to explore f ...
Egypt Achieves 60 Discoveries During FY 2018/19
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 Increases Crude Oil Production to 45,000 b/d
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 ...
Egypt’s Crude Oil Production to Increase 50,000 b/d YOY
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.
El Molla Reviews New Projects with Schlumberger
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.
NREA Plans 200 MW Red Sea Wind Farm
Investments in the new project are expected to reach around EGP 4 billion.
Dragon Oil Acquires BP’s Stake in GUPCO
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 ...
Egypt, DEA Sign E&P Agreement in the Gulf of Suez
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.
