Egypt expects foreign investors to pump $10 billion in foreign direct investment (FDI) into the country’s petroleum sector in FY 2018/19, oil minister Tarek El Molla told El Watan. The minister said that the sec...
Apache plans to drill three out of seven planned wells in the Western Desert by the end of 2018, an anonymous source at the oil ministry told Al Shorouk. The American company expects the initial productivity rates of ...
Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt’ Western Desert, the company announced in a press release. The well has...
Apache will start drilling new oil wells in the East Bahariya concession in the Western Desert during Q3 2018, Egypt Oil & Gas reported. The American company plans to start production from these wells six months a...
Apex International Energy has signed $15 million worth of agreements for 3D seismic acquisition services and long-lead well equipment to develop its concessions in Egypt’s Western Desert, Egypt Oil & Gas reported....
Royal Dutch Shell plans to drill 63 wells in the Western Desert during 2018, the CEO of Shell, Andrew Brown, said during a meeting with the Egyptian Prime Minister, Sherif Ismail, Egypt Oil & Gas reports. The comp...
The Egyptian government approved GlobalConnect’s acquisition of a 25% stake in the Abu Sennan Concession, Egypt Oil & Gas reports. The company can now proceed with its exploration and exploitation duties as a full...
Vallourec signed a contract with Badr El Din Petroleum Company (BAPETCO) to provide tubular services for 60 – 70 gas wells, Egypt Oil & Gas reports. The wells are located in Egypt’s Western Desert. “We are proud t...
Egypt is hoping to finalize eight new oil and gas exploration agreements, the Minister of Petroleum and Mineral Resources, Tarek El Molla, told Al Mal. The ministry is also reviewing security conditions in the Eastern...
Shell is looking to expand its operations in the Western Desert through its partnership with Badr El Din Petroleum (BAPETCO) in order to maximize its hydrocarbon potential, Shell Egypt’s Chairperson and Managing...