Eni announces new oil discovery and production in Egypt’s Western Desert
New oil resources discovered in the Western Desert of Egypt with a new exploration well in Meleiha Concession. The new discovery adds 10,000 barrels of oil per day to the current Concession production. Eni announces a new oil discovery, in Meleiha Concession, in the Western Desert of Egypt. The discovery was achieved through the Arcadia […]
Global oil demand slump hits Egypt’s SUMED pipeline
Egypt’s Sumed oil pipeline is feeling the effects of the global demand slump: Egypt’s Sumed pipeline has recently been operating at only a quarter of its capacity due to a historic slump in global demand for oil and the subsequent production cuts that were introduced in May, data compiled by Bloomberg shows. Flows through the […]
Arbitration court rules against Nostra Terra in Egypt oil payments dispute
Nostra Terra Oil & Gas has been found in default of the joint operating agreement (JOA) governing its East Ghazalat joint venture in Egypt with North Petroleum International, the company said on Monday. The London Court of International Arbitration ruled against the UK-based oil and gas company, finding subsidiary Nostra Terra Inc. in default for […]
Eni World Oil Review: Global oil reserves increased 0.4% in 2018
Eni SPA has released the 18th edition of its World Oil Review, which is the first volume of the report, World Oil, Gas & Renewables Review. The WOR is devoted to oil reserves, supply, demand, trade, and prices with a special focus on crude oil quality and the refining industry. The second volume, the World […]
Petrobel announces new oil discovery in Abu Rudeis Concession, South Sinai
Egypt’s Petroleum Ministry announced on Thursday a new oil discovery in Abu Rudeis-Sidri area in South Sinai by Belayim Petroleum Company (PETROBEL). In a statement on Thursday, the ministry said Petroleum Minister Tarek El-Molla received a report from PETROBEL Chairman Atef Hassan that his company discovered a layer of crude oil, with vertical thickness of […]
SDX makes new oil discovery in Egypt’s West Gharib concession
SDX Energy Inc., London, encountered 134 ft of net heavy oil pay across the Lower Miocene age Yusr and Bakr formations, with an average porosity of 18%. Drilled to 5,323 ft TD, the Rabul-7 development well in the West Gharib concession in Egypt was completed as a producer, connected to the central processing facilities at […]
BP divests its Gulf of Suez mature oil concessions in Egypt to Dragon Oil
BP to divest mature oil assets in Egypt to Dragon Oil. BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company. Under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP’s interest in the Gulf […]
TransGlobe SGZ-6X discovery due on stream in new development lease
TransGlobe Energy Corp., Calgary, plans to bring its South Ghazalat (SGZ)-6X discovery in Egypt’s Western Desert on production at an initial rate of 1,000 b/d of 34° gravity crude oil in this year’s fourth quarter under a newly approved develop lease. The company will use initial production from the Late Cretaceous Upper Bahariya formation to […]
SDX well finds oil in Gulf of Suez South Ramadan concession
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) […]
TransGlobe’s South Ghazalat 6X exploration well flows oil
Third time lucky for Canadian player as it flows oil and gas from new discovery. Highlights Tested a combined 3,840 Bopd of light (35-38 API) oil from individual tests in the Upper and Lower Bahariya formations in the South Ghazalat 6X exploration well Flowed 2,437 Bopd of light oil, 21 Bpd of water and 1.4 […]
