Nile delta | Egypt Oil & Gas - Part 2
Cabinet Approves Five Oil Draft Agreements
The Egyptian Cabinet announced the approval of five oil draft agreements, aiming to enhance production rates, optimize the exploitation of resources, and pump investments into research and development areas. The draft...
Cabinet Approves Two E&P Draft Bills
The Cabinet approved two draft bills licensing the Minister of Petroleum and Mineral Resources to contract with other parties on exploration and production (E&P) activities, according to a statement. The first bil...
Egypt’s Natural Gas Production Capacity Reaches 7.2 bcf/d
Egypt’s natural gas production capacity reached 7.2 billion cubic feet per day (bcf/d) as a result of the efforts to confront the natural decline of wells during the past five years, the CEO of the Egyptian Natu...
Natural Gas Delivery Reaches 458,000 Housing Units
Natural gas was delivered to 458,000 housing units, reaching 40% of the total number of customers across Egypt during the year, according to Wael Gowayed, Chairman of Egypt Gas Company, Al Ahram reported. The company...
Wintershall Dea Signs Concession Agreement for East Damanhour Exploration at EGYPS 2020
On the eve of the Egypt Petroleum Show 2020 (EGYPS 2020), Wintershall Dea and Egyptian Minister of Petroleum H.E. Tarek El Molla have signed the concession agreement for the East Damanhour block. The block is located ...
Two New Wells in Baltim Begin Production with 190 mcf/d
The exploration wells, Baltim Southwest-1 and Baltim Southwest-2, in the Nile Delta region began production with a rate of about 190 million cubic feet per day (mcf/d) and about 1,300 barrels of condensate per day, ac...
BP Targets 500 MMSCF/D in South Baltim Gas Project
BP is targeting to produce 500 million standard cubic feet per day (mmscf/d) of natural gas from its new discovery in the Baltim South Development Lease, a source in the Egyptian Natural Gas Holding Company (EGAS) has...
Dana Gas to Consider Selling $500 MM Egyptian Assets
Dana Gas is being consulted on whether to sell its $500 million offshore Merak-1 well in Egypt as no commercial discovery has been made there, Reuters reported. Investment bank Tudor, Pickering, Holt & Co. (TPH) w...
