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Tag: oil
TransGlobe Western Desert

TransGlobe’s South Ghazalat 6X exploration well flows oil

Posted: November 21, 2018 at 1:19 pm   /   Oil & Gas

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 […]

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TransGlobe Western Desert

TransGlobe starts drilling new well at South Ghazalat concession

Posted: October 25, 2018 at 11:26 am   /   Oil & Gas

TransGlobe Energy announced yesterday that it began drilling for oil at its SGZ 6X exploration well in the South Ghazalat concession in the Western Desert. The company also said that it successfully began production from two wells in West Bakr in the Eastern Desert, with output from each well currently averaging around 800 bpd, exceeding […]

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Egypt

MEED: Egypt’s supergiant Zohr gas field heralds changes

Posted: October 9, 2018 at 3:02 pm   /   Oil & Gas

Egypt country profile: While the Zohr field has lead a revival in the North African country’s gas output, old problems persist. Since the discovery of the supergiant Zohr gas field, Cairo has been hopeful it can replicate the success with other giant offshore gas projects that have the potential to change the country’s energy landscape. […]

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NW Sitra

TransGlobe’s NW Sitra exploration well in Western Desert disappoints

Posted: September 26, 2018 at 1:50 pm   /   Oil & Gas

TransGlobe Energy has announced an update on its operations in Egypt. Updates Corporate production during the quarter averaged 14.8 MBoepd in July, 13.5 MBoepd in August and 14.4 MBoepd to date in September. Received proceeds of $59 million during the third quarter for cargos lifted in June and July. Drilled and preparing to abandon NW […]

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Amalie

Amalie Oil and ACPA sign MoU to explore partnership in Egypt

Posted: September 23, 2018 at 1:47 pm   /   Oil & Gas

US motor oil and auto fluids manufacturer Amalie Oil Company signed an MoU with state-owned Alexandria Company for Petroleum Additives (ACPA) which would see them explore the possibility of partnering together on manufacturing or marketing motor oils, according to an Oil Ministry statement picked up by Al Mal. (Source: Enterprise.press)

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BP

BP invested $35 billion in Egypt over five years – Regional President

Posted: August 29, 2018 at 1:43 pm   /   Oil & Gas

BP produces 10% of Egypt’s oil, condensates production, 50% of gas, says Mekkawi. Hesham Mekkawi, regional president of BP, North Africa said that the company’s investments have amounted to $35 billion in 5 years in Egypt. He added that the investors are BP’s activity in Egypt is in the exploration and production of oil and […]

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EGPC

Egypt close to settling debts to international oil companies

Posted: August 1, 2018 at 1:39 pm   /   Oil & Gas

Egypt is expected to achieve self-sufficiency in natural gas by the end of the year and exports are to resume by next year. Egypt is close to repaying debts to foreign petroleum companies, a sign of economic recovery and an important step towards attracting investments in the petroleum sector, analysts said. The Egyptian government, in […]

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Eni

Eni plans to start production at South West Meleiha in 3-6 months

Posted: July 25, 2018 at 2:24 pm   /   Oil & Gas

Eni plans to begin production on the South West Meleiha concession in the Western Desert’s Faghur Basin in three to six months time, Oil Ministry sources tell Al Shorouk. The company plans to drill the third exploratory well of the concession before the end of 3Q2018, said the source. Earlier this month, Eni announced that […]

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MPC-Petronas

Misr Petroleum, Petronas sign refining agreement to produce 30k tonnes of oil

Posted: July 25, 2018 at 1:58 pm   /   Oil & Gas

State-owned Misr Petroleum Company (MPC) signed an MoU with Malaysia’s Petronas on Thursday that will see them operate MPC’s idle Amreya plant capacity to pump out an additional 30,000 tonnes of refined products a year, according to an Oil Ministry statement. The output will be sold locally and exported to other African markets through a […]

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SW Meleiha

Eni announces second oil discovery at Faghur Basin in Egypt’s Western Desert

Posted: July 9, 2018 at 3:13 pm   /   Oil & Gas

The discovery confirms the high potential of deep geological sequences of the Faghur Basin. Eni announces a second light oil discovery on the B1-X exploration prospect located in South West Meleiha license, in the Egyptian Western Desert, some 130 Km North of the oasis of Siwa. The well is the second one drilled by Eni […]

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