production | Egypt Oil & Gas - Part 39
Cheiron to Acquire 50% of Shell Egypt Onshore Upstream Assets
Cheiron Petroleum Corporation has agreed to purchase 50% of Shell’s upstream oil and gas interests in the Western Desert, according to press release. The remaining 50% of the interests will be purchased by Cheiron’s...
Equinor Further Development in Asgard Field
Equinor Company with its partners decided to further develop the Asgard field and implement the Asgard B- low pressure project with an investment of NOK 1.4 billion. Geir Tungesvik, Equinor’s Senior Vice President for...
Egypt Approves Extending SDX’s PSA of West Ghairb to 2031
SDX company announced that it has received the final approval from the Egyptian authorities to extend its Production Services Agreement (PSA) for oil production from Meseda and Rabul oil fields in West Gharib concessi...
GUPCO to Invest $562 MM in FY 2020/21
Gulf of Suez Petroleum Company (GUPCO) announced that it has allocated $562 million in its budget in fiscal year (FY) 2020/21 for investments in its fields, targeting to raise production rate to 70,000 bbl\d a press r...
Iran’s Azar Joint Field Total Production Records 36 mmbl
The Iranian Azar joint field has recently recorded a total production of 36 million barrels (mmbl), an increase of 65000 bbl\d, National Iranian Oil Company stated in a statement Tuesday According to Keyvan Yarahmad...
Neptune Energy Starts Drilling Operations in Dugong Well
Neptune Energy along with its partners announced that it has started drilling operations in the Dugong appraisal well in Norweigan sector of the North Sea, a press release stated. The drilling operations is being impl...
NOC Achieves Revenues of $1.41 billion in January
The Libyan National Oil Company (NOC) has announced that it achieved a record level in its revenues during January 2021, estimated at $1.41 billion, a press release reported. On this occasion, the Chairman of the Boar...
Wintershall Dea Records High production level of 650,000 boe/d in Q4 2020
Wintershall Dea announced that it has achieved its highest level of production since the company’s merge, reaching 650,000 barrels of oil equivalent per day (boe/d) during Q4 2020, while the company’s average ...
