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Tag: Onshore
United

United Oil & Gas raises $6.3 million to fund Rockhopper Egypt acquisition

Posted: December 10, 2019 at 1:31 pm   /   Oil & Gas

United Oil conditionally raises USD 6.3 million to partially fund Rockhopper Egypt acquisition: Irish energy company United Oil & Gas has conditionally raised USD 6.3 million to partially finance its planned USD 16 million acquisition of Rockhopper Egypt’s business, United Oil said in an LSE disclosure. The company raised the amount through a share issuance, […]

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SDX

SDX Energy achieves stabilised plateau production at South Disouq

Posted: December 10, 2019 at 1:25 pm   /   Oil & Gas

SDX Energy, the MENA-focused oil and gas company, has achieved its targeted stabilised plateau production rate of 50 MMscfe/d from its operated South Disouq concession (SDX: 55% working interest) in Egypt approx. three months earlier than initially expected. Gas has been flowing through the South Disouq Central Processing Facility (‘CPF’) since 7 November 2019 with […]

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rig

Baker Hughes awards ADES deep drilling contracts in Kuwait

Posted: December 10, 2019 at 1:20 pm   /   Oil & Gas

Baker Hughes Co. has awarded ADES International Holding PLC a pair of deep drilling contracts under a lump sum turnkey project (LSTK) project in Kuwait, ADES reported Monday. “We are extremely pleased to secure our first onshore deep drilling LSTK contract with Baker Hughes,” Mohamed Farouk, CEO of ADES commented. The contracts apply to ADES […]

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Shell

Shell appoints Citi for $1 billion sale of Egypt Western Desert assets

Posted: November 17, 2019 at 12:55 am   /   Oil & Gas

Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said. The sale process is expected to be officially launched at the end of November, the sources said. Shell said last month it plans […]

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Egypt-South-Disouq SDX

SDX Energy begins gas production at South Disouq concession in Egypt

Posted: November 12, 2019 at 12:20 pm   /   Oil & Gas

SDX Energy, the MENA-focused oil and gas company, has announced the commencement of production from its operated South Disouq concession (SDX: 55% working interest) in Egypt. Gas has been flowing through the South Disouq Central Processing Facility (‘CPF’) since 7th November 2019.  Each of the four discovery wells have been hooked up to the CPF […]

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GlobaData

GlobalData: EGPC saw highest number of oil & gas discoveries in Q3 2019

Posted: November 9, 2019 at 1:04 pm   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) led globally among companies in Q3 2019 with the highest number of oil and gas discoveries, according to data and analysis company GlobalData. The company’s latest report, ‘Q3 2019 Global Oil and Gas Discoveries Review – South America and Europe Dominate with Highest Number of Discoveries in Quarter’, reveals […]

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shell ceo

Onshore Egypt still attractive even as Shell sells assets – Upstream Opinion

Posted: October 25, 2019 at 1:33 pm   /   Oil & Gas

OPINION: Shell’s decision to exit onshore assets in Egypt highlights a trend by major producers to abandon ageing fields that need intensive efforts to keep them producing without the expected reward. By contrast, heavyweight international oil companies are turning their focus offshore in the Mediterranean Sea, which offers significant exploration upside. The departure of major […]

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Shell

Shell Egypt to sell its onshore Western Desert upstream assets

Posted: October 20, 2019 at 3:59 pm   /   Oil & Gas

SHELL EGYPT TO MARKET ITS CURRENT ONSHORE UPSTREAM ASSETS IN THE WESTERN DESERT TO FOCUS ON OFFSHORE GAS GROWTH Shell Egypt is to market its current onshore upstream assets in the Western Desert in order to fully concentrate on growing its Egyptian offshore exploration and integrated gas business. Wael Sawan, Shell Upstream Director, said: “Shell […]

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SDX

SDX Energy announces successful MSD-19 well in West Gharib Concession

Posted: September 18, 2019 at 12:28 pm   /   Oil & Gas

SDX Energy, the North Africa focused oil and gas company, has announced that the MSD-19 development well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator) has encountered a commercial oil accumulation. The well was drilled to a total depth of 4,665 feet and encountered approximately 135 feet of net […]

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Apache

Apache JV Qarun Petroleum drilled 10 Western Desert exploration wells

Posted: September 3, 2019 at 4:39 pm   /   Oil & Gas

Qarun Petroleum, a joint venture between Apache and the Egyptian General Petroleum Company, has drilled 10 exploratory wells in the Western Desert, producing a combined 5k bbl/d, the Oil Ministry said in a statement yesterday. This will account for 16% of the company’s total production. The company is now considering investing USD 237 million during […]

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