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Tag: Onshore
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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Drexel

Interview: Sherif Gabr, Downstream Business Unit Director, Drexel Egypt

Posted: August 19, 2019 at 9:01 pm   /   Oil & Gas

OUR SUCCESS STORY: DREXEL EGYPT has successfully completed commissioning tests and Nitrogen activities for the new constructed ammonia sphere and its piping networks in phosphate complex project located in El Ain El Sokhna (one of Hassan Allam Co. Projects) using a new pumping technology with safe manner and low risk. Appreciate the full support from […]

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Eni

Eni starts production from Western Desert, announces new discoveries onshore Egypt

Posted: July 23, 2019 at 11:05 pm   /   Oil & Gas

Eni starts output onshore Egypt: Italian player kicks off production from the Western Desert. Italian player Eni has started production from its fields in the Western Desert, onshore Egypt. The company said on Tuesday that production from South West Meleiha development lease kicked off with some 5000 barrels of oil. Eni announces new production from […]

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WintershallDEA

Wintershall Dea committed to Egypt, investment led to production boost

Posted: July 23, 2019 at 1:08 pm   /   Oil & Gas

Recent merger of Wintershall and DEA formed Europe’s leading independent gas and oil company. Investments in the company’s Egyptian oil and gas business lead to production boost. In early 2018, Wintershall Dea announced the start of an extensive work program in all own-operated Egyptian assets. The company is currently investing more than 500 Million US-Dollars […]

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Winteshall Dea

Wintershall Dea discusses future cooperation in E&P activities with Egypt

Posted: July 10, 2019 at 1:04 pm   /   Oil & Gas

Egypt talks investment options with Germany’s Wintershall Dea: The Oil Ministry met with a delegation from Germany’s Wintershall Dea yesterday to explore investment options, according to a ministry statement. The two sides also discussed an agreement they signed in March for DEA to extend its ownership of the Ras Budran and Zeit Bay oil fields […]

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sdx

SDX Energy announces Egypt operational and corporate update

Posted: July 8, 2019 at 3:04 pm   /   Oil & Gas

Highlights Development of South Disouq (SDX 55% working interest and operator) continues on schedule and on budget, with factory acceptance tests for the central processing facility (“CPF”) and compressor, the first of three project milestones, now successfully completed. Both pieces of equipment are now commencing the process of being shipped to Egypt with a view […]

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SDX

SDX Energy announces potential delay for South Disouq first gas

Posted: April 8, 2019 at 10:17 pm   /   Oil & Gas

SDX Energy reports that the current targeted start-up date for gas production at South Disouq of mid-year 2019 is based on an overall development concept, whereby an Early Production Facility (‘EPF’) will be leased to process the produced gas, prior to completion of the main Central Gas Processing Facility. At present, the final commercial terms […]

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SOCO

SOCO International completes acquisition of Merlon El Fayum Petroleum Company

Posted: April 5, 2019 at 4:45 pm   /   Oil & Gas

Further to the Company’s announcement on 29 March 2019, SOCO has announced the completion of the acquisition of Merlon Petroleum El Fayum Company from Merlon International. As previously announced, SOCO agreed to acquire Merlon in consideration for approx. US$136 million in cash and the issue of 65,561,041 new SOCO ordinary shares to the Seller. Prior […]

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Lagia

DMWA Resources withdraws bid for Lagia oil asset in Egypt

Posted: March 4, 2019 at 7:43 pm   /   Oil & Gas

DMWA Resources – an Africa-focused resources and trading firm – has withdrawn its bid to acquire the Lagia oil producing field in Sinai, Egypt. While DMWA management has not commented, sources close to the company state that it is strongly encouraged by its shareholders to pursue other marginal oil and gas field acquisitions across Africa. The […]

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BR-Result

EGAS, EGPC 2018 Bid Rounds results announced with 12 blocks awarded

Posted: February 13, 2019 at 3:10 am   /   Oil & Gas

Shell wins big in Egypt: Supermajor lands five blocks in latest bid round, while ExxonMobil makes debut. Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest ever oil and gas exploration tenders on Tuesday, as the country looks to sustain an investment upswing spurred by major discoveries. […]

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