Total investments injected into Zohr gas field is expected to surge to USD4 billion by the third quarter of this year up from USD3.8bn now, according to an official at the Egyptian Natural Gas Holding Company (EGAS). The aggregate costs of Zohr gas field, occupying nearly 1mn sqm, amount to USD12 and 15 billion, according … Continue reading
Apache and EGPC Joint Ventures Khalda and Qarun Petroleum Companies together pumped out 120 million barrels of oil in the last fiscal year, according to Al Shorouk. Khalda spent USD 502 million and churned out 107 million barrels, while Qarun spent USD 137 million for an output of 13 million barrels. (Source: Enterprise.press) Continue reading
Dana Gas Egypt’s production output was 13% higher on a half-yearly comparable basis, 39,300 versus 34,850 boepd. The Company recorded a 3% jump in quarterly production, 37,650 boepd in Q2 2017 versus 36,550 boepd in Q2 2016. The planned shutdown of the El Wastani Gas Plant was successfully completed in June 2017. There was a … Continue reading
The National Bank of Egypt (NBE) and Banque Misr are arranging a EGP 3 billion facility for the General Petroleum Company (GPC) to finance exploration and drilling operations, as well as debt restructuring, Al Mal reports. NBE and Banque Misr are in talks with a number of banks including the Egyptian Arab Land Bank, Credit … Continue reading
TransGlobe Energy Corporation announced its financial and operating results for the three and six months ended June 30, 2017. All dollar values are expressed in United States dollars unless otherwise stated. TransGlobe’s Condensed Consolidated Interim Financial Statements together with the notes related thereto, as well as TransGlobe’s Management’s Discussion and Analysis for the three month … Continue reading
EGAS exports a daily 200 mmcf of gas through Royal Dutch Shell’s Idku liquefaction plant, sources told Al Borsa on Monday. The plant should be increasing its export capacity in the winter to pump around 300 mmcf/d. (Source: Enterprise.press) Continue reading
AIM-listed Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided the following update concerning the Abu Sennan drilling concession, onshore Egypt, in which the Company has a 22% working interest. Production from the six fields within the Abu Sennan concession remains stable, … Continue reading
