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Tag: Gulf of Suez
south_ramadan

SDX and partners commit to drilling at South Ramadan offshore Egypt

Posted: May 21, 2018 at 3:53 pm   /   Oil & Gas

An appraisal well will spud by mid-year on the South Ramadan license in the Gulf of Suez offshore Egypt, according to partner SDX Energy. This will be up-dip from one of the previous producing wells in the field. Total cost of the work program this year will be around $23.5 million, including some platform remediation […]

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MOP

Egypt to offer 27 concessions in 2 bid rounds for oil & gas exploration

Posted: May 21, 2018 at 2:14 pm   /   Oil & Gas

Egypt will launch two international bid rounds for oil and gas exploration in 2018, the petroleum ministry said in a statement on Monday. One bid round will cover 16 concession areas, mostly in the Mediterranean Sea, under state buyer EGAS, in its largest ever bid round. The other auction will cover 11 concession areas under […]

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Schlumberger

Schlumberger to start Gulf of Suez seismic survey before end of 2018

Posted: May 20, 2018 at 2:47 pm   /   Oil & Gas

Oilfield services company Schlumberger is set to start seismic survey in the Gulf of Suez before the end of this year, a source tells Youm 7. Norway’s TGS also expects to deliver final data in December this year after completing a 10,000-km 2D seismic survey along Egypt’s Red Sea border with Saudi Arabia. Schlumberger and […]

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SDX Energy seeks rig for development drilling at South Ramadan

Posted: April 3, 2018 at 3:18 pm   /   Oil & Gas

SDX Energy has issued an update on operations at the South Ramadan concession in the Gulf of Suez offshore Egypt. The partners have completed the final sub-surface technical work in connection with an evaluation of development options. They have opted to drill a development well up-dip of one of the previous producing wells on the […]

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BP to sell mature oil field assets in Egypt, shifts focus to gas

Posted: March 18, 2018 at 1:06 pm   /   Oil & Gas

U.K. company has begun process to sell mature fields in Egypt. A sale could be sensitive because the assets employ thousands. BP Plc has begun a process to sell mature oil fields in Egypt as it shifts investment in the country to natural gas, according to people with knowledge of the matter. The so-called Gulf […]

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BP seeking buyers for stake in GUPCO – sources

Posted: March 16, 2018 at 3:48 pm   /   Oil & Gas

BP is seeking buyers for its stake in a 50-year-old oil and gas business in Egypt as it focuses on newer deepwater gas fields off the country’s Mediterranean coast, banking sources said. The London-based company has in recent weeks pitched to potential buyers its stake in Gulf of Suez Oil Company (GUPCO), a joint venture […]

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SDX Energy announces oil discovery at West Gharib Concession in Egypt

Posted: March 14, 2018 at 1:44 pm   /   Oil & Gas

SDX Energy, the North Africa focused oil and gas company, has announced that an oil discovery has been made at its Rabul 5 well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator). The well was drilled to 5,280 feet total depth and encountered approx. 151 feet of net heavy […]

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Egypt signs contract for $400 mn Gulf of Suez wind farm

Posted: March 7, 2018 at 1:10 pm   /   Renewables

The project is expected to produce 250 MW of energy. The state-owned Egyptian Electricity Transmission Company on Tuesday signed an agreement with a Toyota-Engie-Orascom alliance to establish and develop a wind farm in the Gulf of Suez. The prime minister Sherif Ismail, the minister of electricity Mohammed Shaker, the minister of investment and international cooperation […]

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Egypt signs Gulf of Suez seismic survey agreement with Schlumberger

Posted: February 15, 2018 at 4:46 pm   /   Oil & Gas

Egypt has signed a deal with oilfield services company Schlumberger to conduct a seismic survey in the Gulf of Suez, the oil ministry said on Wednesday, part of efforts to encourage firms to invest in exploration work in the area. The oil ministry announced an agreement with an international company on Monday to conduct a […]

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Egypt stepping up its efforts to attract Gulf of Suez investment

Posted: February 13, 2018 at 3:55 pm   /   Oil & Gas

Egyptian oil minister Tarek El Molla on Monday announced an agreement with an international company to conduct a seismic survey of the Gulf of Suez to attract exploration investment in the area. Molla also said that Egypt was working to improve the quality of fuel products in cooperation with foreign marketing companies. “An agreement was […]

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