Pharos’s President and CEO Ed Story announced that the signing of the Egyptian farm-out and the Infill Development Programme in Vietnam indicate that the medium-term outlook for the Company is a return to free ...
Khalda Petroleum Company and Qarun Petroleum Company announced that they will pump around $1 billion investments in the Western Desert during the fiscal year (FY) 2021/2022, as Khalda targets to invest $830 million wh...
The Chairman of Qarun Petroleum Company, Ashraf Abdel Gawad, said that his company has pumped investments during the fiscal year (FY) of 2019/20 worth $190 million, according to a press release. He elaborated that the...
Tarek El Molla, Minister of Petroleum and Mineral Resources, issued a movement of transfers for managers and assistants in the information and communications technology (ICT) department. The reshuffling aims to suppor...
The Minister of Petroleum and Mineral Resources, Tarek El Molla, headed the general assembly meeting of Qarun Petroleum Company to review the adjusted budget for Fiscal Year (FY) 2019/20, and the planning budget for F...
The Ministry of Petroleum and Mineral Resources announced 10 new exploration wells in the Western Desert in the East Bahareya Extended Area 3, with an average daily production of 5,000 barrels of oil equivalent per da...
Qarun Petroleum Company plans to allocate $190m investments in its budget of fiscal year 2017/2018 to be used in drilling 14 development and exploratory wells in its concessions in order to increase production and com...
Qarun Petroleum Company (QPC) drilled a new development well, KNW-3 in its Karama Development Lease, Abu Gharadiq Basin, Western Desert. The well was drilled to a total depth of 8280 feet, by the EDC-49 rig. According...