Hydrocarbon | Egypt Oil & Gas

Sonatrach Signs $850M New Hydrocarbon Contract with Sinopec

Sonatrach signed on February 25 with Sinopec International Energy Investment (HK) Holding Ltd, a hydrocarbon production sharing contract for the Hassi Berkane Nord (HBAN) field. The contract, worth $850 million, invol...

Kuwait Oil Company Makes Major Hydrocarbon Discovery at Al-Jlaiaa Offshore Field

Kuwait Oil Company (KOC) has made a hydrocarbon discovery at the Al-Jlaiaa offshore field within Kuwaiti waters, estimated to hold 800 million barrels (mmbbls) of medium-density oil and as estimated 600 billion standa...

UOG’s ASV-1X Encounters Primary, Secondary Reservoirs in Abu Sennan

United Oil & Gas Plc announced that  the ASV-1X exploration well has encountered primary and secondary reservoirs  in the Abu Sennan licence, onshore Egypt. The company said that the testing program started on 30 ...

Neptune Makes New Hydrocarbon Discovery at North Sea

Neptune Energy has announced a new hydrocarbon discovery at the Dugong well (PL 882) in the Norwegian sector of the North Sea, according to a press release issued by the company. The company declared that the operatio...

Tunisia’s Nawara Field Begins Production

Tunisia’s Nawara natural gas field started production on February 5, according to a Reuters report. Tunisia’s Prime Minister Youssef Chahed said that production is expected to increase natural gas output by 50% and re...

Algeria Passes New Energy Law

Algeria’s cabinet approved a new energy law that is expected to pump more investments in the vital hydrocarbon sector, Bloomberg reported. Mustapha Hanifi, Head of the Energy Ministry’s hydrocarbon department, said ah...

Egypt Strengthens Gas Production

BNP PARIBAS stated in a study issued on the 2nd of May that Egypt is viewed as a world-class hydrocarbon area with active drilling in four basins, including in the Mediterranean, which holds 65% of the country’s total...

Eni Confirmed 30tcf Gas Reserves at Zohr

Italian Eni stated that Zohr field’s original gas in place is 30tcf, after completing the drilling of the fifth well offshore Egypt, reported Exploration & Development News. Eni tested the fifth well by open...

Tanzania, Uganda to Complete Oil Pipeline in 2020

Tanzania plans to complete the building of a crude oil pipeline from Uganda in 2020 at a valued cost of $3.5b, Reuters reported. The Tanzanian Ministry of Energy and Minerals stated that “the pipeline will have ...

Algeria’s New Economic Model to Counter Oil Revenues Slump

OPEC member Algeria adopted a new economic growth model, which is to boost national revenue and decrease dependence on energy exports over the next four year, as part of the North African nation’s efforts to div...

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