As part of the Ministry of Petroleum and Mineral Resources’ strategy to boost domestic production, the General Petroleum Company (GPC) has started operating the first of three modern 1,000-horsepower drilling rigs, su...
The Ministry of Petroleum and Mineral Resources, in collaboration with Schlumberger, has launched Egypt Upstream Gateway (EUG), an innovative national project for the digitalization of subsurface information. The laun...
Altus Strategies Plc announced that the subsidiary AKH Gold Limited will be awarded gold exploration licenses in the Eastern Desert by the Egyptian Mineral Resources Authority (EMRA). Steven Poulton, Chief Executive o...
The General Petroleum Company (GPC) aims to drill 15 exploration and development wells in H2 of fiscal year (FY) 2020/21, according to the General Trade Union for Petroleum Workers. The company will drill five wells i...
Minister of Petroleum and Mineral Resources Tarek El Molla told CNBC Arabia that the prices of oil per barrel during the current year could reach between $40-50. El Molla added that these prices will save a portion of...
Aton Resources Inc. ceded 25% of its fully-owned Abu Marawat concession located in the Eastern Desert, according to a press release. The Egyptian Mineral Resources Authority (EMRA) has approved the relinquishment on J...
TransGlobe’s production in Egypt averaged around 12,544 barrels per day (bbl/d) in Q1 2020, while recording approximately 12,111 bbl/d in April , according to a statement. The company’s total production in Q1 20...