oil production | Egypt Oil & Gas - Part 8

OPEC+ to Increase Production in July 2021

The Organization of Petroleum Exporting Countries and its allies (OPEC+) plans to increase oil production in July 2021, however Saudi Arabia’s energy minister kept the market guessing about whether the group will ...

MoP Awards UOG New Development Lease in Abu Sennan

The Minister of Petroleum and Mineral Resources, Tarek El Molla, awarded United Oil and Gas (UOG) Company a development lease that covers the ASD-1X discovery in Abu Sennan.

Pharos Produces 4,010 bbl/d from El Fayum Concession

Pharos Energy production from El Fayum averaged 4,010 barrels of oil per day (bbl/d) starting January 1 to April 30.

Iran’s NISOC to Boost its Oil Production

The National Iranian South Oil Company (NISOC) aimed to boost its oil production which has about 351 billion barrels of proven crude oil in its reservoirs, which equates to nearly 100 billion barrels of recoverabl ...

Canada’s Suncor Targets Emissions Reduction by One-third

Suncor plans to cut its emissions by one-third while boosting its oil production to a new level, according to Reuters.

Dana Gas Increases Production by 2% YoY

Dana Gas’s total production has averaged around 64,900 barrels of oil equivalent per day (bbloe/d) indicating a 2% increase compared to 63,650 bbloe/d in Q1 2020.

TransGlobe Production Amounts to 11,009 bbl/d in April

TransGlobe Egypt production averaged around 11,009 barrels of oil per day (bbl/d) in April and recorded 10,238 bbl/d throughout Q1 2021.

Naftogaz Ramps up Oil Production by 20% in Egypt’s Western Desert

Naftogaz Group ramped up oil production from its assets in the Western Desert of Egypt by more than 20% or 600 barrels per day (bbl/d), a press release reported.

Aramco’s Production Averages at 12.4 mmbbloe/d in 2020

Saudi Arabia’s Aramco achieved an average production of hydrocarbon of 12.4 million barrels per day of oil equivalent (mmbbloe/d) in 2020, of which 9.2 million barrels per day (mmbbl/d) were of crude oil.

Libya’s NOC Achieves Revenues Worth $1.2 B in February

The Libyan Oil Corporation (NOC) announced that it has achieved revenues estimated at $1.2 billion from the sale oil and its derivatives during February.

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