IOCs | Egypt Oil & Gas - Part 6
IOC Investments in Oil & Gas Rise to $10B
Investments in Egypt’s oil and gas sector by international oil companies (IOCs) rose to $10 billion during 2017, the Minister of Petroleum and Mineral Resources, Tarek El Molla, told Al Borsa. The minister noted that ...
IOCs Increase Investments in Egypt by 22.7%
International oil companies (IOCs) increased their investments in Egypt to $8.1 billion during fiscal year (FY) 2016/2017, up 22.7% from the $6.6 billion invested in FY 2015/2016, Egyptian Minister of Petroleum and Mi...
Petrofac Signs New Agreements in Iraq
Iraq has awarded the UK-based company Petrofac a new contract and a contract extension of an existing agreement to provide engineering services to two international oil companies (IOCs) in the country, Hydrocarbons Te...
Egypt Agrees on a $750M Seismic Survey
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Ganoub El Wadi Petroleum Holding Company (GANOPE) had agreed with five International Oil Companies (IOC’s) six months ago t...
IOCs to Develop Iran’s Azadegan Oil Field
International Oil Companies ( IOCs) have presented technical surveys for the development of the Azadegan oil field, according to Pipeline. Iran is looking to ramp up its crude output with 37bb of oil. Production is cu... Petroleum Ministry Settles $2.2b to IOCs
A press release to Egypt Oil&Gas stated that the Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that the Egyptian oil and gas sector has paid total $2.2b to international oil companies (IOC... Egypt Pays $750m to IOCs
The Central Bank of Egypt’s (CBE) Assistant Deputy Governor, Rami Aboul Naga, stated that Egypt paid total $1.5b in arrears to international oil companies (IOCs) in May and June, reported Al Ahram Newspaper. Abul-Naga...
SDX Announced Successful SD-1X Well Test at South Disouq
SDX Energy Incorporation announced the results of the well test conducted on the SD-1X well following the recent natural gas discovery at South Disouq, Egypt, where the Company has a 55% operated working interest, acc...
