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Tag: Mediterra Energy

Mediterra Energy raises production by 17% from Sinai fields

Posted: July 4, 2017 at 2:55 pm   /   Oil & Gas

The Egyptian minister of petroleum and mineral resources Tarek El Molla said that oil production in Sinai fields increased from 1,200 to 1,400 barrels per day since July 2016. These fields include Ras Sudr, Asl, and Matarma, and they are all located on the eastern side of the Gulf of Suez. Tarek El Molla added […]

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Egypt signs two exploration agreements with IPR and Mediterra

Posted: July 26, 2016 at 3:32 pm   /   Oil & Gas

Egypt’s Minister of Petroleum and Mineral Resources, Tarek al-Molla, signed two agreements for oil and gas exploration in upper Egypt with U.S. company IPR and Cyprus subsidiary Mediterra, the ministry said in a statement on Tuesday. The agreements include the drilling of three exploration wells located in sectors 7 and 8 in the country’s southern […]

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Results of Ganope Bid Round announced, awards five concessions worth $100 million

Posted: August 3, 2015 at 9:37 pm   /   Oil & Gas

Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about $100 million with bonuses of $3.7 million to drill 16 exploration wells for oil and gas, having received seven offers for 5 blocks, the oil ministry said in a statement on Monday, as the country seeks […]

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