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Tag: Gulf of Suez

Circle Oil offers its stake in North West Gemsa field for sale

Posted: May 21, 2016 at 7:10 pm   /   Oil & Gas

Circle Oil Plc, the Irish incorporated oil and gas exploration, development and production company, is looking to sell its 40% stake in North West Gemsa field. The concessions are operated by a joint production company PetroAmir, whose partners include: EGPC, Zhen Hua (NPIC – 50% working interest and operator); Circle Oil Egypt Limited (40% working […]

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SDX Energy: Positive Development Well results in NW Gemsa

Posted: May 20, 2016 at 7:56 pm   /   Oil & Gas

Al Amir S.E. #24 Development Well SDX Energy Inc., an oil & gas exploration and production company with assets in Egypt & Cameroon, is pleased to provide the following update on the recently completed Al Amir SE 24 (AASE-24) development well in North West Gemsa, where SDX Energy has 10% working interest. The well encountered […]

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Circle Oil completes infill drilling campaign on North West Gemsa field

Posted: May 17, 2016 at 12:59 pm   /   Oil & Gas

Circle Oil plc, the international oil and gas exploration, development and production company announces that the 2016 infill drilling campaign on the North West Gemsa field (Circle Oil 40%, NPIC 50%, SDX 10%) has been completed. The second of the two production wells, AASE-24 has been drilled to TD, completed and tied in to the […]

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Egypt launches international bid round for 11 oil exploration blocks in the Western Desert and Gulf of Suez

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

Egypt launched international bids for oil exploration in 11 blocks in the Western Desert and the Gulf of Suez, the petroleum ministry announced in a press release on Thursday. Five blocks will be offered in the Gulf of Suez, North-East of October, North-East of Al Hamd, North-East of Ramadan, East Badri, North maritime Esran, while […]

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Lekela Power to begin Banban plant construction in October with $90 million investments

Posted: May 11, 2016 at 7:46 pm   /   Renewables

The company has put forward a competitive tender between five or six international entities. Lekela Power will begin construction of a solar energy plant with a 50MW capacity in Banban, Aswan with $90m investments. Construction will begin in October and is expected to be completed after nine months, CEO Chris Antonopoulos said. Two wind power […]

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Edison's Executive VP: Egypt has 16th largest gas reserves

Posted: May 10, 2016 at 7:03 pm   /   Oil & Gas

Egypt has the potential to become a regional center in the Mediterranean due to its strategic location, infrastructure and qualified ports for the export and import of oil and gas”, says Nicola Monti, Executive Vice President – Exploration & Production, Edison. Egypt has the 16th largest gas reserves and is the 15th largest producer of […]

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Infographic: Egypt by the numbers (ABO Oil Magazine)

Posted: May 2, 2016 at 6:27 pm   /   Oil & Gas

From ABO Oil Magazine #31: Gas – the Mediterranean at full throttle View the full magazine at: http://www.abo.net/en_IT/publications/magazine.page (Source: ABO.net)

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Egypt to launch new oil exploration round for 11 blocks in Western Desert and Gulf of Suez

Posted: April 20, 2016 at 9:32 pm   /   Oil & Gas

Egypt plans to launch a new oil exploration round next week, offering 11 blocks in the Western desert and the Gulf of Suez, Petroleum Minister Tarek el-Molla said on Tuesday. He said that Egypt also plans to launch two gas exploration rounds this year. Egypt, which used to be a net energy exporter, has become […]

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ENGIE signs LNG and renewable energy agreements with Egypt

Posted: April 19, 2016 at 7:36 pm   /   Oil & Gas, Renewables

Firstly, a cooperation agreement for further development of renewable energy with the National Renewable Energy Association (NREA) and the Egyptian Electricity Transport Company (EETC). On the occasion of  the State Visit of President François Hollande of the French Republic to Egypt, Isabelle Kocher, Deputy CEO and Chief Operating Officer of ENGIE, has signed today two […]

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GUPCO: BP invests $777 million this year in the Gulf of Suez

Posted: February 1, 2016 at 2:47 pm   /   Oil & Gas

Average daily production 85,000 barrels of crude and condensates, planned to reach 90,000 barrels per day during 2016. A new strategy to cut spending by $483 million. Current total reserves are 10.6 million barrels of crude and 94 billion cubic feet of gas. BP’s investment budget for exploration, development and production in the Gulf of […]

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