Petrobel | Egypt Oil & Gas - Part 4

Baltim Field to Add 500 mmscf/d of Natural Gas

Development projects as well as the field's completion will directly contribute to commencing the production from Baltim field by Q3 2019.

Petrobel Allocates $1.2 B for Zohr Development

The company is having an ambitious plan to produce around 1 bcf of natural gas and 1.8 million barrels of condensates, boosting the field's production to 3 billion bcf/d after all the phases are completed.

Petrobel Awards Rig Contractor to Shelf Drilling

Petrobel awarded a contract for Shelf Drilling's jack-up rigs to operate in the Gulf of Suez.

Saipem to Conduct $1.2 B Worth EPCI Project in Zohr

Saipem is in talks with Belayim Petroleum Company (Petrobel) over a $1.2 billion worth offshore contract addendum for an Engineering, Procurement, Construction and Installation (EPCI) project for Zohr field's ramp ...

Petrobel Beats FY 2017/18 Production Targets

Belayim Petroleum Company (Petrobel) beat its fiscal year 2017/18 crude production targets, pumping 433,000 barrels of oil equivalent per day.

Petrobel Drilled 35 Wells in 2017/18

Belayim Petroleum Company (Petrobel) drilled 35 wells in fiscal year (FY) 2017/18 at a total cost of $179 million.

Balteem Gas Field To Begin Production Mid-2019

Belayim Petroleum Company (Petrobel) and Eni will bring their South Balteem well online by mid-2019, helping the companies to achieve their target of pumping an extra 0.5 billion cubic feet per day of natural gas. ...

El Molla Visits Zohr Field

Minister of Petroleum Tarek El Molla has visited Zohr gas field to follow up on operations and ensure that production will reach 2.7 billion cubic feet per day (bcf/d) in 2019.

El Molla Issues New Promotions

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, issued new transfers and promotions.

Petrobel to Boost Production to 358,000 boe/d

Belayim Petroleum Company (Petrobel) plans to boost average production to reach 358,000 barrels of equivalent per day (boe/d) during FY 2018/2019.

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