Pharos Energy announces restart of El Fayum development drilling
Pharos Energy has announced a return to drilling in its El Fayum Concession in Egypt, with the commencement of an interim three-well development programme. Ed Story, President and Chief Executive Officer, commented: ‘I am pleased to announce that, after a significant period of restricted activity in Egypt, we have recommenced development drilling operations in El Fayum. This three-well infill […]
SDX Energy spuds MSD-21 development well at West Gharib concession, Egypt
AIM-listed SDX Energy, the MENA-focused energy company, has announced the spudding of the MSD-21 infill development well on the Meseda field. The well is the first, in a fully funded, 12 well development campaign on the Meseda and Rabul oil fields in the West Gharib concession, Egyptian Eastern Desert. The development drilling campaign is aimed at growing production […]
Anchorage Investments to develop $2.5 bn petrochemical mega-project in Suez Canal
The project is expected to help increase the annual domestic production by 812 thousand tons and create more than 2,500 new jobs in the sector. Egypt’s new investment law provides legislation and guarantees that encourage foreign investments. Anchorage Investments, a company specializing in the development, investment and operation of industrial projects in the petrochemical sector, […]
Infinity to lead infrastructure development as Egypt gears up to put EVs on the road
Renewables leader Infinity is set to work with the government on setting up 6k electric vehicle charging points, across 3k charging stations nationwide over the next three years, Infinity said in a press release. The first phase of the project, which is the largest infrastructure push for EVs to date, aims to deploy some 2k […]
EBRD assisting Egypt with green hydrogen development studies
The European Bank for Reconstruction and Development (EBRD) is assisting the Egyptian and Moroccan governments with studies for developing green hydrogen. Speaking at the World Hydrogen Mena online conference on 21 April, Gabriel Lastours, head of energy Middle East and Africa at EBRD, said that the development bank was doing studies for the governments in […]
Egypt, Palestine sign MoU to develop Gaza Marine gas field
Egypt is also set to work with Palestine to develop the Gaza Marine gas field under an MoU EGAS Chairman Magdy Galal signed with Palestine Investment Fund Chairman Mohammed Mustafa yesterday, according to Wafa News Agency. Palestine is one of the founding members of the EastMed Gas Forum. President Mahmoud Abbas received today Egypt’s Minister […]
Kuwait Energy Egypt completes Abu Sennan ASH-3 development well
Kuwait Energy Egypt finished drilling the ASH-3 development well in ASH field in the Abu Sennan concession, onshore Egypt, said partner United Oil & Gas PLC in a Feb. 15 release. ASH-3 spudded on Jan. 4 and reached 4,087 m MD TD (3,918m TVDSS) on Feb. 8, 5 days ahead of schedule and under budget. […]
BP targets 500 mmcf/d output from Baltim SW gas field by mid 2020
BP aims to increase natural gas production to 500 mmcf/d by the middle of 2020 when it completes the development of its Baltim South West field, a source from EGAS told the press. Work is still ongoing to develop the field and link it to the national gas grid. Eni estimated the field to hold […]
Eni signs lease extension for key assets in Egypt’s Nile Delta, Western Desert
A new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Development Lease, where the Nooros field is located, and a five-year extension of the Ras Qattara Concession Agreement approved. Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi […]
