Energean Egypt Production Records 38,000 bbloe/d in H1 2020
Energean’s Abu Qir’s production recorded 38,000 barrels of oil equivalent per day (bbloe/d) in H1 2020, exceeding 2020 guidance of 34,000 - 37,000 bbloe/d.
oil production | Egypt Oil & Gas - Part 11
Novak: 2020 Oil Demand Could Fall by 10 mmbbl/d
Russia’s Energy Minister, Alexander Novak, has predicted that global oil demand could fall by 9-10 million barrels per day (mmbbl/d) this year due to the impact of the COVID-19 pandemic.
Bapetco Exceeds Production Plans by 11%
Badr El-Din Petroleum Company’s (Bapetco) Badr 1 production recorded 1.15 million barrels of oil (mmbbl) in the fiscal year (FY) 2019/20, an 11% increase from initial plans.
GUPCO’s Production Averages at 57,000 bbl During FY 2019/20
Gulf of Suez Petroleum Company’s (GUPCO) daily production has averaged around 57,000 barrels (bbl) during fiscal year (FY) 2019/20, and managed 20% in cost reduction per barrel last June.
US Oil Production Rises 4% in June
US oil production showed signs of recovery after June saw an increase of 4.1%, however, production levels have not fully recovered from the dramatic plunge in May.
Kamal: Egypt to Achieve Fuel Self-sufficiency Soon
Egypt will very soon achieve self-sufficiency in diesel and gasoline very soon, Osama Kamal, the Former Minister of Petroleum and Mineral Resources stated.
Pharos’ Egypt Production Record 5,979 bbl/d in H1 2020
Pharos’ crude production recorded 5,979 barrels of oil per day (bbls/d) during H1 2020 in Egypt.
Egypt’s TransGlobe Production Records 11,990 BBLS/D in Q2 2020
TransGlobe Egypt production averaged at 11,990 barrels of oil per day (bbls/d) in Q2 2020.
GPC Achieves Production Record of 62,000 bbl/d
General Petroleum Company (GPC) has achieved a production record of 62,000 barrels per day (bbl/d) for the first time ever since its establishment in 1957.
Schlumberger Introduces PNX Technology to Egypt
Schlumberger utilized Pulsar Multifunction Spectroscopy (PNX) technology for the first time in Egypt with the General Petroleum Company (GPC).
