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Tag: Gulf of Suez
South Ramadan

SDX well finds oil in Gulf of Suez South Ramadan concession

Posted: March 25, 2019 at 1:58 pm   /   Oil & Gas

Last year’s SRM-3 appraisal well on the South Ramadan concession in the Gulf of Suez encountered hydrocarbons, according to partner SDX Energy. On the way to the TD of 15,635 ft (4,766 m), the well intersected 75 ft (23 m) of net conventional oil pay in the primary target Matulla section; 20 ft (6.1 m) […]

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DEA GOS

Concessions extended in Egypt: New Gulf of Suez investment for DEA

Posted: March 7, 2019 at 3:27 pm   /   Oil & Gas

Concessions extended in Egypt – New investment for DEA in the Gulf of Suez. New concession agreement signed at Ministry of Petroleum  Focus on unexploited potential of Ras Budran and Zeit Bay fields Improvement of sustainability through well workover and infrastructure integrity  DEA has extended its concessions for the Ras Budran and Zeit Bay oil […]

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BR-Result

EGAS, EGPC 2018 Bid Rounds results announced with 12 blocks awarded

Posted: February 13, 2019 at 3:10 am   /   Oil & Gas

Shell wins big in Egypt: Supermajor lands five blocks in latest bid round, while ExxonMobil makes debut. Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest ever oil and gas exploration tenders on Tuesday, as the country looks to sustain an investment upswing spurred by major discoveries. […]

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shelf drilling

Petrobel awards Shelf Drilling’s jack-up contract for operations in Egypt

Posted: January 29, 2019 at 9:35 pm   /   Oil & Gas

Offshore drilling contractor Shelf Drilling has received a contract award for one of its jack-up rigs with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez, offshore Egypt. Shelf Drilling said on Monday that the Trident 16 jack-up drilling rig had been awarded a one-year contract. The contract includes mutually agreeable options, and […]

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south_ramadan

Pico hits oil pay in South Ramadan concession offshore Egypt

Posted: January 14, 2019 at 1:01 pm   /   Oil & Gas

Pico Oil has encountered oil pay at its well located in the South Ramadan concession offshore Egypt. The South Ramadan Concession is located offshore in the Gulf of Suez. SDX Energy is a 12.75% equity owner in the concession with Pico holding 37.5% and operatorship and GPC holding the remaining 50%. SDX Energy said on […]

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IPR

IPR executing its largest drilling, operational campaign in Egypt

Posted: September 5, 2018 at 1:17 pm   /   Oil & Gas

IPR Drilling Away in Egypt: US independent IPR Energy Group continues to execute its largest drilling and operational campaign since entering the upstream sector in Egypt in 1993, with the drilling of 25 of 40 planned wells during the first half of 2018. According to the company this pace of activity will continue through the balance […]

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North Zaafarana

Egypt signs E&P agreements worth $65 million in Sinai, Gulf of Suez

Posted: August 27, 2018 at 1:18 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Tarek el-Molla signed two new agreements for oil and natural gas exploration and production in Sinai and the Suez Gulf with investments of $65 million. The minister also signed grants of $3.5 million, an official statement revealed. The first agreement is signed with General Petroleum Company (GPC) in Sinai’s […]

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BP

BP to drill its first Gulf of Suez exploration well by October

Posted: August 4, 2018 at 3:37 pm   /   Oil & Gas

Britain’s BP will begin drilling its first exploration wells in the Northeast Ramadan concession area in the Gulf of Suez by early October at the latest, an Egyptian state oil company EGPC official said. The source told Youm7 that the project is awaiting completion of security approvals and the licenses necessary to start drilling. Drilling […]

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NE Ramadan

Egypt, BP sign $46m deal for Gulf of Suez oil exploration

Posted: July 30, 2018 at 8:43 pm   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) and the London-based BP Plc have signed a $46 million agreement for oil and gas exploration and production at the North East Ramadan area in the Gulf of Suez. The deal also included a $4 million signing bonus to drill three wells, according to a press release. The deal was […]

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south_ramadan

SDX spuds South Ramadan SRM-3 appraisal well offshore Egypt

Posted: June 17, 2018 at 6:41 pm   /   Oil & Gas

South Ramadan commitment well under way offshore Egypt SDX Energy says drilling has started on the SRM-3 appraisal well in the Gulf of Suez offshore Egypt (SDX 12.75% non-operated interest). SRM-3, the last remaining commitment well on the South Ramadan concession, should take up to 90 days to drill and complete. Based on the results, SDX said […]

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