Qarun Petroleum

  • Qarun to Save $12.6 MM by Reduction of Production Costs

    Qarun to Save $12.6 MM by Reduction of Production Costs

    Monday, 30th March 2020

    Qarun Petroleum aims to save $12.6 million by reduction of production costs in its concession areas in Egypt, during the H2 2019/20.

  • Oil Production to Reach 720,000 b/d by 2020

    Oil Production to Reach 720,000 b/d by 2020

    Wednesday, 10th July 2019

    The Petroleum sector seeks to raise its daily crude oil production to reach 720,000 barrels per day (b/d) by the end of fiscal year (FY) 2019/2020.

  • Qarun Petroleum Company Increases Oil Output

    Qarun Petroleum Company Increases Oil Output

    Monday, 22nd April 2019

    Qarun plans to boost its output to over 45,000 b/d by the end of 2020 as it explores, develops, and operates new concessions in the Western and Eastern Deserts.

  • Qarun Petroleum to Invest $238 M in 2019/20

    Qarun Petroleum to Invest $238 M in 2019/20

    Sunday, 10th February 2019

    The company will drill 25 development wells and 10 exploratory wells in FY 2019/20 and it plans to produce 41,000 barrels per day (b/d).

  • Qarun to Drill 22 Wells in 2018/2019

    Qarun to Drill 22 Wells in 2018/2019

    Wednesday, 7th February 2018

    Qarun Petroleum Company plans to drill 22 wells to expand its activities during fiscal year (FY) 2018/2019, for production to reach 11.9 million barrels during the fiscal year.

  • El Molla Issues New Promotions

    El Molla Issues New Promotions

    Sunday, 17th September 2017

    The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced new appointments and promotions.

  • El Molla: Egypt Experienced a Boom in Petroleum Investment

    El Molla: Egypt Experienced a Boom in Petroleum Investment

    Tuesday, 15th August 2017
    The Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the general assemblies of Qarun Petroleum Company and Khalda Petroleum Company to review their fiscal year (fy) 2016/2017 operations.
  • Qarun Advances Western Desert Drilling

    Qarun Advances Western Desert Drilling

    Sunday, 1st April 2012
    Qarun Petroleum Company, a joint-venture between the EGPC and the American operator Apache Corporation, is in the process of drilling a new crude-producing exploratory well in its Western Desert concession area. The new 'HEBA-10x' well has reached a vertical depth of 7150 feet using the EDC-63 rig, with investments averaging $1million.
  • Qarun Petroleum Boosts Western Desert Crude Output

    Qarun Petroleum Boosts Western Desert Crude Output

    Wednesday, 8th February 2012
    According to the analytical report conducted by Egypt Oil and Gas to gauge the performance of Qarun Petroleum, the company's production rates of crude oil have been consistent during the past six months.
  • Qarun develops Aqsa field

    Qarun develops Aqsa field

    Wednesday, 7th September 2011
    Qarun Petroleum Company (QPC) drilled a new development well, AQSA-14 in the Western Desert, with an estimated cost of $1.153 million.