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Tag: oil
Gupco BP

BP divests its Gulf of Suez mature oil concessions in Egypt to Dragon Oil

Posted: June 3, 2019 at 5:47 pm   /   Oil & Gas

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 […]

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TransGlobe Western Desert

TransGlobe SGZ-6X discovery due on stream in new development lease

Posted: May 30, 2019 at 12:10 pm   /   Oil & Gas

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 […]

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South Ramadan

SDX well finds oil in Gulf of Suez South Ramadan concession

Posted: March 25, 2019 at 1:58 pm   /   Oil & Gas

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) […]

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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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