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Tag: Drilling

TransGlobe Energy announces Mid-Quarter Egypt Update for Q4 2016

Posted: December 22, 2016 at 3:03 pm   /   Oil & Gas

TransGlobe Energy Corporation announced the mid-quarter Egypt update for the fourth quarter of 2016. All dollar values are expressed in Canadian dollars unless otherwise stated. Mid-Quarter Operational Highlights, Arab Republic of Egypt: Production Recovery Plan (“PRP”) is on target to achieve 13,000 to 14,000 Bopd by year end 2016. Q4 production expected to meet or […]

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Rockhopper Exploration provides corporate update

Posted: December 20, 2016 at 2:15 pm   /   Oil & Gas

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 corporate update. Highlights: Economic production* from Egypt and Italy for the year ended 31 December 2016 expected to average approximately 1,350 boepd net to Rockhopper. Group economic production: Following completion […]

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Khalda Petroleum reduces cost of oil production from Apache's Western Desert concession to $4.5 per barrel

Posted: December 6, 2016 at 3:16 pm   /   Oil & Gas

Khalda Petroleum Company has reduced the cost of oil produced from the Apache concession area in the western desert to $4.5 per barrel in the first quarter of the current fiscal year, down from $5. Mohamed Abdel Azim, head of the Khalda Petroleum Company, told Daily News Egypt that the company successfully reduced costs by […]

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Apache allocates $909m for drilling 97 wells in 2016/2017 – Head of Khalda

Posted: November 22, 2016 at 12:56 pm   /   Oil & Gas

Company in discussions with foreign partner to increase investment and review plan in January. US company Apache plans to drill just under 100 wells in the western desert at a cost of $908.9m this fiscal year. This project is divided into 74 development wells at a cost of $552.5m and 23 exploratory wells at a […]

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Shell to boost deepwater investments, but is owed substantially by government

Posted: November 20, 2016 at 12:57 pm   /   Oil & Gas

Shell will be increasing exploration and drilling at its deepwater concessions in Burullus and Rosetta concessions, according to statements by Aidan Murphy, Shell Egypt VP and country chairman. The company plans to expand its investments there following promising data on the size of the concessions. Murphy also stated that the company is owed a substantial […]

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SDX Energy finalizes drilling location for South Disouq well in Egypt

Posted: November 15, 2016 at 12:57 pm   /   Oil & Gas

SDX Energy Inc. and its partner have agreed on the target and location for drilling a carried exploration well in the South Disouq concession in Egypt. A team has already been engaged to provide technical assistance on the well, according to SDX, with drilling set to commence early in the first quarter of 2017. SDX, […]

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SDX Energy provides update on Egypt operations

Posted: November 14, 2016 at 1:39 pm   /   Oil & Gas

SDX Energy, the North Africa focused oil and gas company, is pleased to provide an operational update on its South Disouq and Meseda concessions in Egypt. South Disouq As previously announced on 10 October 2016, SDX’s initial assessment of the 3D seismic data at South Disouq was positive and identified potential for both oil and […]

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Eni begins drilling seventh and last Zohr well in accelerated phase

Posted: November 7, 2016 at 1:27 pm   /   Oil & Gas

Eni has begun drilling the seventh and final well in the Zohr field accelerated development project. Eni plans to have the field producing around 1 bcf/d by the end of 2017 and to increase to 2.7 bcf/d by the end of 2019 when the development phase is completed, Ahram Gate reported. (Source:

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EGPC grants SDX Energy, PICO preliminary approval to extend drilling in South Ramadan concession

Posted: November 1, 2016 at 1:37 pm   /   Oil & Gas

EGPC gave SDX Energy and PICO Petroleum preliminary approvals to extend drilling operations at the South Ramadan concession, SDX Energy’s country director Ahmed Moaz told Al Mal. The preliminary agreement does not specify a date for the extension and includes the operators spending USD 23 mn in the project. Moaz says the operators have not […]

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Iraqi President meets with Egyptian Minister of Petroleum

Posted: November 1, 2016 at 1:11 pm   /   Oil & Gas

Iraqi President Fuad Masum met with Egyptian Minister of Petroleum Eng. Tarek El-Molla and an accompanying delegation in Baghdad to discuss bilateral ties between the two countries. The talks were held on forming stronger ties between the two countries in the fields of industry, gas and Petroleum. Iraqi President and Eng. Tarek El-Molla discussed possible […]

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