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Tag: Drilling
SDX Egypt

SDX Energy provides year end operational and financial update

Posted: January 27, 2020 at 4:46 pm   /   Oil & Gas

SDX Energy Plc, the MENA-focused oil and gas company provides a year end 31 December 2019 operations and financial update and sets out production and capex guidance for 2020. All monetary values are expressed in United States dollars net to the Company unless otherwise stated.    Production and Capex: 2019 Year End Update and 2020 […]

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EGPC Signing

Egypt signs 9 Oil & Gas E&P agreements in Mediterranean, Western Desert

Posted: January 21, 2020 at 2:14 pm   /   Oil & Gas

EGPC signs USD 450 million in Oil and Gas E&P agreements: The state-owned Egyptian General Petroleum Corporation (EGPC) yesterday signed nine oil and gas exploration and production agreements that will see companies invest at least USD 452 million to drill 38 wells in concessions in the Mediterranean and Western Desert, the cabinet said in a […]

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West Med

Egypt to directly award West Mediterranean O&G exploration rights

Posted: January 20, 2020 at 4:08 pm   /   Oil & Gas

Egypt will directly award contracts for oil and gas exploration blocks in the Western Mediterranean to companies equipped to drill in deep water, Oil Minister Tarek El Molla told CNBC Arabia. The government plans to offer some concessions through bid rounds, but the priority is to select companies with advanced technology to drill in the […]

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Pharos

Pharos Energy announces trading and Egypt operations update

Posted: January 8, 2020 at 1:26 pm   /   Oil & Gas

Pharos Energy has issued a trading and operations update to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2019. This is in advance of the Company’s Preliminary results due to be announced on 11 March 2020. The information contained herein has not been audited and […]

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Jackup Rig

ADES secures contract renewal for Admarine 262 jack-up rig in KSA

Posted: January 8, 2020 at 1:16 pm   /   Oil & Gas

ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured a contract renewal for the Admarine 262 jack-up rig in Saudi Arabia.  ADES said in a statement on Tuesday that the Admarine 262 renewal had a five-year tenor, which would be effective upon the […]

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Egypt-South-Disouq SDX

SDX announces reserves upgrade at South Disouq onshore concession

Posted: January 7, 2020 at 8:54 pm   /   Oil & Gas

SDX Energy, the MENA-focused oil and gas company, has announced that upon completion of an independent technical and economic audit of the reserves at its operated South Disouq concession (SDX: 55% working interest), Gaffney, Cline & Associates (GCA) has reported that gross proved plus probable reserves (‘2P reserves’), as at 30 September 2019, are 86 […]

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MOP Signing

Egypt signs four Oil & Gas E&P Agreements worth $155 million

Posted: December 26, 2019 at 12:14 pm   /   Oil & Gas

The Egyptian General Petroleum Company (EGPC) and Ganope have signed four oil and gas exploration and production agreements that will see companies invest at least USD 155 mn to develop concessions in the Gulf of Suez, Nile Valley, and the westert desert, according to an Oil Ministry statement. The agreements also include USD 10.5 mn-worth […]

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Zarubezhneft

Russian Zarubezhneft joins two offshore oil concessions in Egypt

Posted: December 25, 2019 at 1:10 pm   /   Oil & Gas

Russian state-owned energy company Zarubezhneft has joined two offshore oil concessions in Egypt under a production-sharing agreement, Reuters’ Arabic service reports, without disclosing the value of the agreement or the other party. The report indicates that one of the blocks is in southeast Ras El Ush and the other is East of Gabal El Zeit […]

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Abu Sennan

New discovery in Egypt’s Western Desert to produce 7000 bopd, 10 mmcfd of gas

Posted: December 20, 2019 at 9:04 pm   /   Oil & Gas

The Ministry of Petroleum and Mineral Resources on Thursday announced a new oil discovery in the Western Desert where an average of 7,000 barrels of crude oil and 10 million cubic feet of gas are envisaged to be produced on daily basis. The oil discovery, in the Western Desert’s Abu Sennan, an area near the […]

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Rockhopper

Rockhopper provides operational update on Abu Sennan concession in Egypt

Posted: December 18, 2019 at 1:35 pm   /   Oil & Gas

Rockhopper Exploration has provided an operational update in relation to the Abu Sennan concession, Egypt. Through Rockhopper Egypt, Rockhopper holds a 22% working interest in Abu Sennan. ASH-2 The commitment well, ASH-2, was spudded on 21 October 2019, and reached total depth of 4,030m measured depth (‘MD’) in the Alam El Bueib Formation on 22 […]

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