onshore | Egypt Oil & Gas - Part 3

Qatar’s Onshore Oil Price Hits $55.11 Per Barrel

Qatar’s onshore oil price in February marginally increased above its price in January to reach $55.11 per barrel - $10.11 above the $45-per-barrel rate previously approved in the state budget.

Oyster to Commence Phase III Exploration in Djibouti

Oyster Oil and Gas Ltd. announced early March that it has received Djibouti government's approval to commence the Phase III of its exploration contract at the country's Block 1.

BP to Produce 600mcf of Gas in Northern Alexandria

The British Petroleum (BP) intends to process 600mcf of gas per day from Taurus and Libra fields in Northern Alexandria by the end of April.

ADNOC Awarded 12% Onshore Stake to China

Abu Dhabi National Oil Co., the UAE’s main state oil firm, announced late February that it has awarded a combined 12% stake in a mega onshore venture to two Chinese companies, CEFC China Energy Co. and China National ...

Kuwait in State of Emergency over Oil Leak

Kuwait’s national oil company has declared a state of emergency following an oil leak in one of its southwestern fields.

Shell to Sell Gabon Onshore Operations

Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of the company's $30b divestment plan.

Aramco, Nabros Formed Drilling Partnership

Saudi Aramco signed an agreement to form a new joint venture (JV) in Saudi Arabia to manage and operate onshore drilling rigs with the Anglo Energy company, Nabors.

Tendrara to Pump Gas by 2019

UK's Sound Energy announced the successful drilling of the onshore Morocco TE-7 to a total measured depth of 3,459m. The Tendrara wells are expected to be pumping gas by 2019.

Croatia Secures $75m Onshore Oil Exploration Investment

The Croatian government has awarded two firms contracts for four onshore oil and gas exploration blocks in the country’s northern and eastern zones for a total investment of $75m.

EGPC Announced International Bid Rounds

The Egyptian General Petroleum Corporation (EGPC) announced launching a new international bid round for 2016 for oil research and exploration, according to a press release received by Egypt Oil&Gas.

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