production | Egypt Oil & Gas - Part 23

Oil Prices Surge as OPEC+ Suprises Markets with Production Cuts

After the Organization of the Petroleum Exporting Countries and their allies including Russia (OPEC+) shocked the markets by announcing further production cuts of about 1.16 million barrels per day, oil prices increas...

GASCO’s Natural Gas Exports Increase by 33% in 2022

The Chairman of Egyptian Natural Gas Company, Yasser Salah El Din, stated that the total amount of natural gas transported through the national grid reached 72 billion cubic meters (bcm) and the natural gas exports in...

SDX’s 2022 Production Averages 38.5 mmscf/d from South Disouq, 2,033 boe/d from West Gharib

SDX announced that it has achieved average gross production of 38.5 million standard cubic feet per day (mmscf/d) (2,720 barrels of oil equivalent per day (boe/d) net to SDX) from South Disouq concession in addition t...

bp Launches Strategy for HyVal in Spain’s Valencia Region

bp launched the green hydrogen cluster of the Valencia region (HyVal). The public-private joint program is planned, which is led by bp, aims to produce green hydrogen at bp’s refinery by 2030 by gradually developing u...

UOG Encounters 22 Meters of Net Oil Pay While Drilling ASH-8 Well

United Oil & Gas (UOG) announced that it has encountered 22 meters of net oil pay while spudding the ASH-8 development well (“ASH-8”) in the Abu Sennan license, onshore Egypt. In a statement, the compa...

Wintershall Dea Talks Performance, Carbon Management in 2023 Annual Conference

In its 2023 Annual Press Conference, Mario Mehren, Winterhsall Dea’s CEO talked about the company’s portfolio, including its performance in Egypt. In 2022, Wintershall Dea had a positive year for exploration. “In Egyp...

Petrobel, Petroshrouk Announce Investment Targets for FY 2023/24

Belayim Petroleum Company (Petrobel) Chairman Khalid Mowafi announced that his company targets investments in its budget plans for fiscal years (FY) 2022/23 and 2023/24 worth more than $800 million per year. His words...

El Molla Reviews the Operational Results of Bapetco, Rashpetco, Burullus

Minister of Petroleum and Mineral Resources Tarek El Molla was briefed on the operational results of Badr Petroleum Company (Bapetco), Rashid Petroleum Company (Rashpetco) and Burullus Gas Company. This came during th...

UOG’s Average Production from Abu Sennan Reached 1,312 boe/d in 2022

United Oil & Gas (UOG) has produced from its interest in the Abu Sennan license an average of 1,312 barrels of oil equivalent per day (boe/d) in 2022 which came in line with the revised production guidance of 1,30...

GPC Production Reaches 98,000 boe/d

At the conclusion of the work of the general assemblies of the public sector oil companies, Tarek El Molla, Minister of Petroleum and Mineral Resources, chaired the general assembly of the General Petroleum Corporatio...

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