production | Egypt Oil & Gas

Iraq Intends to Increase Oil Production to Exceed 6 mmbbl/d by 2029

Iraq’s Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbl/d) by 2029, while confirming an agreement with BP to develop four oil fields in Kirkuk.

Energean Report Indicates Strong Performance in Egypt During 2024

Energean's performance in Egypt once again proved robust during 2024 with its key Egyptian assets boosting production, according to a company report. 

CNOOC Starts Production from Two Oilfields

CNOOC Limited announced the start of production from Caofeidian 6-4 Oilfield Comprehensive Adjustment Project and Wenchang 19-1 Oilfield Phase II Project.

Indonesia to Build Refineries with Total Capacity of 1 mmbbl/d

The Minister of Energy of Indonesia Bahlil Lahadalia announced that the country is to build oil refineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 million barrels p ...

Iraq Ministry Of Oil, bp Enters Into Agreement to Develop Four Fields

The Iraq’s Ministry of Oil, represented by the North Oil and North Gas Companies, signed a contract with bp with initials to develop four fields.

Fayoum 5 Exploration Well Findings Indicate Potential Natural Gas Discovery by bp in Mediterranean

The initial results of the Fayoum 5 exploration well located in North Alexandria, which is in the west of the Mediterranean, showed the presence of a gas-bearing layer, and electrical recordings are being made in ...

EGAS Unveils Ambitious Plans for Natural Gas Exploration, Production

During the Egyptian Natural Gas Holding Company's (EGAS) general assembly meeting, Chairman Yassin Mohamed highlighted the company's key achievements and future targets for fiscal year (FY) 2024/25 and FY 2025/26. ...

Petrobel Resumes Drilling at Zohr Field,  Petroshrouk  Targets Producing 144,000 boe/d

During the general assembly meeting, the Chairman of Belayim Petroleum Company (Petrobel) Khaled Mowafy affirmed the resumption of drilling at the Zohr field after the arrival of the Saipem 10000 drilling rig in E ...

Agiba Petroleum Plans to Produce 24,000 bbl/d During FY 2025/26

Agiba Petroleum Company Chairman Tharwat El Gendy stated that the proposed budget of his company for the fiscal year (FY) 2025/26 amounted to $641.3 million with a plan to produce 24,000 barrels of oil per day (bb ...

GUPCO Aims to Produce Up to 70,000 bbl/d in FY 2025/26

Abdul Wahab El-Maghawry, the Chairman and Managing Director of the Gulf of Suez Petroleum Company (GUPCO) announced that the company targets to increase the production rate up to 70,000 barrels per day (bbl/d) wit ...

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