GUPCO | Egypt Oil & Gas - Part 3

GUPCO to Invest $503M in FY 2019/20

The investments will be directed to several projects during fiscal year (FY) 2019/20, most importantly two exploration projects in cooperation with the Egyptian General Petroleum Corporation (EGPC) and WesternGeco ...

El Molla Announces Ministerial Promotions

Egypt's Minister of Petroleum, Tarek El Molla, has announced new promotions and transfers for senior positions in the Ministry of Petroleum.

GUPCO Crude Production Hits 71,000 b/d in FY 2017/18

The Gulf of Suez Petroleum Company's (GUPCO) produced an average of 71,000 barrels per day (b/d) of crude oil and condensates in fiscal year (FY) 2017/18 from its field in the Gulf of Suez.

BP to Sell Stakes in GUPCO

BP intends to sell its stakes in the Gulf of Suez Oil Company (GUPCO), banking sources have said.

GUPCO to Drill 4 Wells in FY 2018/2019

Gulf of Suez Petroleum Company (GUPCO) plans to drill 4 new wells, including one exploratory well and three development wells, during fiscal year (FY) 2018/2019.

El Molla Issued New Promotions and Transfers

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, issued new promotions and transfers.

GUPCO Exceeds Production Target

Gulf of Suez Petroleum Company (GUPCO) surpassed its production targets for the month of July.

GUPCO, Pharaonic Report on Production, Exploration

Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla reviewed the annual production and activity of Gulf of Suez Petroleum Company (GUPCO) and Pharaonic Petroleum Company for fiscal year (FY) 2016/2017.

GUPCO to Increase Production

Gulf Of Suez Petroleum Company (GUPCO) plans to increase its production in fiscal year 2017/2018 from its EDFO concessions, Balayeem concessions and Tour Sinai concessions.

GUPCO to Invest $538m in FY 2017/2018

Gulf of Suez Petroleum Company (GUPCO) has allocated $538m investments in the new budget of fiscal year 2016/2017.

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