GUPCO | Egypt Oil & Gas - Part 5
GUPCO to Invest $503M in FY 2019/20
The Gulf of Suez Petroleum Company (GUPCO) has allocated $503 million dollars to be invested in several projects during fiscal year (FY) 2019/20, most importantly two exploration projects in cooperation with the Egypt...
El Molla Announces Ministerial Promotions
Egyptian Minister of Petroleum, Tarek El Molla, has announced new promotions and transfers for senior positions in the Ministry of Petroleum, Akhbar El Yom reported. Hesham Mohamed El Attar was appointed vice presiden...
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, Egypt Oil & Gas r...
BP to Sell Stakes in GUPCO
BP intends to sell its stakes in the Gulf of Suez Oil Company (GUPCO), banking sources told Reuters news agency. The sale of its stakes in GUPCO, a business with an estimated value of $500 million, comes as the Britis...
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, and execute three maintenance operations for wells during fiscal year (FY) 2018/2019, acco... El Molla Issued New Promotions and Transfers
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, issued new promotions and transfers, Egypt Oil & Gas reports. Walid Latif was appointed Head of Petroleum Projects and Operational Consulta...
GUPCO Exceeds Production Target
Gulf of Suez Petroleum Company (GUPCO) surpassed its production targets for the month of July, Egypt Oil & Gas reports. In July, the company produced 440,773 barrels of oil equivalent (boe), 170% of the 259,213 bo...
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,...
