Egypt Conducts Seismic Survey on Suez Gulf, Western Desert
Stable production is a positive sign in a time in which oil fields annual production declined by around 20% to 25%.
Stable production is a positive sign in a time in which oil fields annual production declined by around 20% to 25%.
Abu Dhabi National Oil Company has awarded contracts worth $1.6 billion to China National Petroleum Company (CNPC) affiliate, BGC Inc., for the world’s largest onshore and offshore 3D seismic survey.
Iraq’s Basra Oil Company and Dhi-Qar Oil Company have signed a memorandum of understanding with Chevron for studies and seismic surveys on oil activities in the country.
Egypt will start the seismic survey for the Gulf of Suez region before the end of 2018, in order to provide new opportunities for exploration and production (E&P).
Merlon has allocated $66 million investments in fiscal year (FY) 2-18/2019 budget for exploration and production E&P operations in Egypt.