Eni announced that production from South West Meleiha development lease has started. In addition, two near oil fields have been discovered in the Meleiha development lease in Western Desert.
The meeting reviewed the work progress of the new techniques used in seismic data collection in Gulf of Suez, aimed for preparing a study of new geological concepts and increasing production and reserve rates.
The Egyptian General Petroleum Corporation aims to increase its production of crude oil and condensates by 50,000 barrels per day (b/d), bringing its total production to nearly 710,000 b/d by mid-2020.
Minister of Petroleum and Mineral Resources Tarek El Molla has signed an agreement with the Egyptian Mineral Resources Authority (EMRA) and Phosphate Misr Company to ensure the exploration of phosphate ore.
TransGlobe Energy Corporation announced that it started drilling the second exploratory oil well, SGZ 6X, in the Western Desert South Ghazalat concession on October 23.
Egypt's oil minister, Tarek El Molla, has signed a $10 million exploration and production (E&P) agreement covering the Western Desert's Abu Sennan concession.
Eni has announced a new natural gas discovery in Egypt's Western Desert.
Oil minister Tarek El Molla held talks with chairman of Apex International Energy Thomas Maher about the company’s concessions in Egypt's Western Desert in the attendance of a delegation from Blue Water Energy.
Apache has announced its plans to increase its annual investment in Egyptian oil exploration projects to $1 billion.
Egypt expects foreign investors to pump $10 billion in foreign direct investment (FDI) into the country's petroleum sector in FY 2018/19.
