Eni reaches record production from Nooros field ahead of schedule
Eni reached a production of 128,000 boed (67,000 net to Eni) from Nooros field in the Nile Delta offshore. This important milestone was achieved just 13 months after the discovery and ahead of schedule. Eni reached a production of 700 million cubic feet of gas per day, corresponding to 128,000 barrels of oil equivalent per […]
TransGlobe Energy Corporation announces access to South Alamein and proposed amendments to Convertible Debentures
TransGlobe Energy Corporation is pleased to announce an operational update on the South Alamein concession and calling of a meeting of the holders of its 6.0% convertible debentures. South Alamein, Arab Republic of Egypt (100% working interest, operated) The Company is very pleased to announce that it has received military access approvals to commence work […]
Egypt: The Eastern Mediterranean's Next Natural Gas Hub?
On Aug. 31, Egypt and Cyprus signed a preliminary deal for an underwater pipeline. For Egypt, the deal is part of a broader strategy to position itself as a hub of energy development and consumption. • The eastern Mediterranean will attract great interest from international oil and natural gas companies over the next decade. • […]
Kuwait Energy starts production from Egypt's Al-Jahra SE-1X oil well
Kuwait Energy plc (Kuwait Energy) announced on Monday the commencement of production from the Al-Jahra SE-1X exploration well in the Abu Sennan concession located in Egypt’s Western Desert. After discovery of the well on 27 July 2016, Kuwait Energy obtained the development lease from the Egyptian Petroleum Corporation (EGPC) for Al-Jahra SE-1X on 24 August […]
Foreign investment in oil sector at $6.6 billion in FY 2015-2016
Foreign investments in the oil and gas sector reached USD 6.6 bn in FY2015-16, down from USD 7.5 bn in FY 2014-15, Oil Minister Tarek El Molla told Reuters’ Arabic service. El Molla says the investments in exploration, production, and development during the year came despite the internal energy price slump, which drove IOCs to […]
Eni & BP complete drilling of second well in South Baltim
Project’s production platform under preparation to link 350m cubic feet of gas daily, says source. Italian company Eni and British company BP have finished drilling two wells in the South Baltim field, which is located southeast of the Delta. The production platform is under preparation to link 350m cubic feet of gas daily from the […]
Zohr on schedule to produce late 2017
ENI’S FIFTH ZOHR WELL ‘A SUCCESS’ Italy’s Eni said September 1 it had drilled its fifth well on Egypt’s giant offshore Zohr gas field. Zohr 5x was successfully drilled to a final depth of 4,350 metres, 12 km southwest of the discovery well Zohr 1x and in water depth of 1,538 m. The new well […]
Bloomberg: Talks to end Israeli case against Egypt over natural gas
Negotiations are ongoing between the two companies that operate the Israeli gas field Tamar along with the Spanish Union Fenosa Gas SA (UFG) to drop an Israeli arbitration court case against Egypt, US business agency Bloomberg revealed on Tuesday. Quoting an anonymous source, Bloomberg explained that the two companies that run Israel’s Tamar natural gas […]
Eni successfully drilled and tested Zohr 5x well
Eni successfully drilled Zohr 5x, the fifth well on Zohr structure, which confirmed the potential of the field at 30 Tcf OGIP. Eni informs that Zohr 5x, the fifth well on Zohr structure has been successfully drilled to the final TD of 4,350 m. The Zohr 5x well is located in 1,538 m of water […]
Shell announces new gas discovery in Egypt's Western Desert with 500bcf estimated reserves
Royal Dutch Shell has discovered a new gas field (PTI – 2) in the Alam El-Shawish concession area in the western desert. The new natural gas field has reserves of about 500bn cubic feet of natural gas. Aidan Murphy, Shell Egypt country chairperson, said that his company has gained rights to explore this area for […]