Gulf of Suez | Egypt Oil & Gas - Part 6
NREA Plans 200 MW Red Sea Wind Farm
The New and Renewable Energy Authority (NREA) plans to build a 200-megawatt (MW) wind farm plant near the Gulf of Suez, Al Mal reported. Feasibility studies are being conducted for the new project, in cooperation with...
Dragon Oil Acquires BP’s Stake in GUPCO
The Vice Chairman of Dragon Oil, Saeed Mohammed Al Tayer has welcomed the agreement with BP to acquire its stake in the Gulf of Suez Petroleum Company (GUPCO), Egypt Oil & Gas reports. Dragon Oil, a subsidiary of ...
Egypt, DEA Sign E&P Agreement in the Gulf of Suez
The Ministry of Petroleum signed an exploration and production (E&P) agreement with DEA for the Ras Budran and El Zeit Bay oil fields in the Gulf of Suez, Egypt Oil & Gas reports. The agreement was signed by M...
Egypt Conducts Seismic Survey on Suez Gulf, Western Desert
The Egyptian Ministry of Petroleum is re-conducting seismic surveys on the Gulf of Suez, using modern global technologies to identify crude oil reserves, said Minister Tarek El Molla, according to Amwal Al Ghad. Meanw...
International Firms Bid for 250 MW Wind Farm in Gulf of Suez
Three international companies submitted their offers to the New and Renewable Energy Authority (NREA) for the bid round to establish a 250 MegaWatt (MW)-capacity wind farm in the Gulf of Suez, source at NREA told Al M...
El Molla Signs Two E&P Deals Worth $65M
Oil minister Tarek El Molla has signed two oil and gas exploration and production (E&P) agreements in the Sinai and the Gulf of Suez with investments of $65 million and $3.5 signature grant, Egypt Oil & Gas re...
Ministry of Petroleum to Offer New Exploration Tenders
Minister of Petroleum Tarek El Molla announced on July 31 that the ministry is planning to increase investment opportunities for oil and gas exploration by offering new tenders for the Red Sea and West Mediterranean a...
EGPC, BP Sign $46M Gulf of Suez E&P Deal
The Egyptian General Petroleum Corporation (EGPC) and BP have signed a $46 million oil and gas exploration and production (E&P) deal for the Eastern Ramadan area in the Gulf of Suez, Mubasher reported. A $4 millio... 
