production | Egypt Oil & Gas - Part 82
Chevron Boosts Efficiency Even as Profits Slide
For Chevron Corp., a dollar spent in the Permian Basin can get 35 percent more oil out of the ground than it could last year, as drilling costs have fallen and as the company works faster on more fertile wells. San Ra...
Production to Begin Soon in Nigeria’s Aje Field
The Aje shallow-water field offshore Lagos might begin crude oil production before the year runs out following the commencement of drilling on the Aje-5 production well on the Oil Mining Licence 113. The well is being...
Petrobel to Increase its Production Levels
Sherif Ismail, Minister of Petroleum and Mineral Resources received a report from Atef Hassan, head of Belayim Oil Company (Petrobel) about the company’s new strategy to maximize the country’s petroleum wealth, in its...
Iran’s Yaran Oilfield May Come Online in April, Says Official
The official in charge of the development plan of Iran’s North Yaran oil field says the field will start producing crude oil as of next April. Arash Baqerzadeh told Oil Ministry’s official SHANA news agenc...
Egypt’s Gas Production on the Decline
Egypt’s average natural gas production declined this year to 4.395bn cubic feet per day, compared to about 4.6bn cubic feet in 2014. A Petroleum Ministry report revealed that foreign partners are slowing down the deve... GUPCO Placed EDFU A7 on Production
GUPCO announced that it successfully completed drilling the oil development well EDFU A7 in the Edfu field, reported Egypt Oil and Gas. During the drilling operations electrical recordings were conducted of other laye...
DEA to Pump $274m Investment into its Concessions
German company DEA plans to invest about 4m during the coming fiscal year to increase oil and gas production rates from its concessions in the Gulf of Suez and Kafr el-Sheikh. Mohammed Beydoun, SUCO chairman, said tha...
Libya’s AGOCO Producing up to 290,000 b/d
Eastern Libyan state oil firm AGOCO is producing 250,000 to 290,000 barrels per day (bpd), a company spokesman said on Sunday, unchanged from recent weeks. On Monday, a tanker will lift one million barrels of crude at...
