GUPCO | Egypt Oil & Gas - Part 4
GUPCO’s Production Averages at 57,000 bbl During FY 2019/20
Gulf of Suez Petroleum Company (GUPCO) daily production has averaged at around 57,000 barrels (bbl) during fiscal year (FY) 2019/20, as the company was also able to cut 20% of production cost per barrel last June, Ch...
GUPCO Targets Production of 77,000 BBL/D in FY 2020\21
The Gulf of Suez Petroleum Company (GUPCO) has approved a budget of around $543 million to achieve a production rate of around 77,000 barrels per day of crude oil (bbl/d) in Fiscal Year (FY) 2020\21, GUPCO Chairman, M...
Dragon Oil Celebrates Acquisition Amid Egypt’s Investment Climate
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has witnessed the ceremony of Dragon Oil’s acquisition to BP’s shares in Gulf of Suez Petroleum Company (GUPCO)’s concession, accordin...
Dragon Oil Acquires BP’s Stake in GUPCO
Dragon Oil, the fully owned exploration and production (E&P) platform of Emirates National Oil Company (ENOC), announced that it has acquired the stake of BP at the Gulf of Suez Oil Company (GUPCO) after obtaining...
GUPCO Follows Up on Ras Shouqair’s Production Processes
Khaled Hemdan, the Gulf of Suez Petroleum Company’s (GUPCO) Chairman, went to Ras Shouqair on a visit to follow up on the production processes and be updated about the company’s plans to raise Ras Shouqair’s pro...
Petroleum Arrows to Raise Product Distribution by 5%
Petroleum Arrows aims to increase the distribution and transportation rate of the industrial gases, ammonia and high-grade propane with 5% by the end of Q4 in 2019, according to Ahmed Abdel Moteleb, the company’s head...
GUPCO’s Crude Oil Production Reaches 61,700 b/d
The Gulf of Suez Petroleum Company’s (GUPCO) average production level from its Ras Shouqair crude oil field has reached around 61,700 barrels per day (b/d) in fiscal year (FY) 2019/20, according to the results present...
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 ...
