The Ministry of Petroleum and Mineral Resources, in collaboration with Schlumberger, has launched Egypt Upstream Gateway (EUG), the first exploration and production (E&P) digital data center.
Altus Strategies Plc announced that the subsidiary AKH Gold Limited will be awarded gold exploration concession in the Eastern Desert by the Egyptian Mineral Resources Authority (EMRA).
The General Petroleum Company (GPC) aims to drill 15 exploration and development wells in the H2 of the fiscal year (FY) 2020/21.
Minister of Petroleum and Mineral Resources Tarek El Molla stated that the prices of oil per barrel during the current year could reach between $40-50.
Aton Resources Inc. ceded 25% of its fully-owned Abu Marawat concession located in the Eastern Desert.
TransGlobe Egypt’s production averaged around 12,544 barrels per day (bbl/d) in Q1 2020, while recording approximately 12,111 bbl/d in April 2020.
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