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Tag: Onshore
South Disouq

SDX spuds South Disouq SD-4X appraisal well onshore Egypt

Posted: June 4, 2018 at 2:20 pm   /   Oil & Gas

UK player to drill fourth well at onshore Nile Delta licence. UK-based SDX Energy has spudded a fourth well at its South Disouq licence in Egypt’s Nile Delta. The SD-4X appraisal well will take about a month to drill. Spud of SD-4X Appraisal Well, Egypt SDX Energy Inc., the North Africa focused oil and gas […]

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ADES

ADES secures new $140m credit facility to pay for three Nabors rigs

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

ADES International, a London-listed provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa, has secured a new loan from a Saudi bank to finance the acquisition of three jack-ups from Nabors and other potential deals. ADES said on Thursday that a SAR 525 million ($140 million) […]

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EGAS BR 2018

EGAS offers 16 Mediterranean & Nile Delta blocks in oil & gas bid round

Posted: May 22, 2018 at 5:10 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) launched the 2018 bid round for oil & gas exploration on 16 concession areas: 13 blocks in the Mediterranean Sea and three concessions in the onshore Nile Delta region. The Egyptian Ministry of Petroleum announced in an Al Ahram newspaper advertisement that the deadline for receiving bids for […]

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EGPC-BR-2018

EGPC launches 2018 oil & gas exploration bid round for 11 blocks

Posted: May 22, 2018 at 5:08 pm   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) launched the 2018 bid round for oil & gas exploration on 11 blocks: Five in the Western Desert, two in the onshore Nile Delta region, one in the Eastern Desert, and three in the Gulf of Suez (both onshore & offshore). The Egyptian Ministry of Petroleum announced in an […]

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SDX Energy announces oil discovery at West Gharib Concession

Posted: April 24, 2018 at 1:03 pm   /   Oil & Gas

Oil discovery at Rabul 4 Well, West Gharib Concession, Egypt. SDX Energy, the North Africa focused oil and gas company, has announced that an oil discovery has been made at its Rabul 4 well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator). The well was drilled to a total […]

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southdisouq

SDX makes second gas discovery in South Disouq, Egypt

Posted: April 12, 2018 at 12:35 pm   /   Oil & Gas

SDX Energy announces gas discovery at Ibn Yunus-1X well in Egypt: SDX Energy has announced that a gas discovery has been made at its Ibn Yunus-1X exploration well at South Disouq, Egypt (SDX 55% working interest and operator). The Ibn Yunus-1X well was drilled to a total depth of 9068 feet and encountered 100.8 feet […]

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EGAS to launch bid round for gas exploration in 9 areas in Q2 2018

Posted: April 3, 2018 at 4:12 pm   /   Oil & Gas

The company obtained security approvals for the bidding process, and will include six marine and three land areas. The Egyptian Natural Gas Holding Company (EGAS) intends to put forward bids for nine natural gas land and offshore exploration concession areas in the second quarter (Q2) of this year, according to an official source at the […]

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ADES posts increase in profits, targets acquisitions

Posted: March 21, 2018 at 8:37 pm   /   Oil & Gas

Egypt’s offshore and onshore driller ADES has posted an increase in full-year profit and is targeting acquisition opportunities. The company on Monday said its revenue grew 17.5% year-on-year, from $134.1 million in 2016 to $157.6 million in 2017. Net profit rose 17.3% year-on-year to $44.6 million in FY2017 from $38 million in 2016. ADES in […]

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SDX Energy announces oil discovery at West Gharib Concession in Egypt

Posted: March 14, 2018 at 1:44 pm   /   Oil & Gas

SDX Energy, the North Africa focused oil and gas company, has announced that an oil discovery has been made at its Rabul 5 well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator). The well was drilled to 5,280 feet total depth and encountered approx. 151 feet of net heavy […]

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DEA to invest $500 million in Egypt, boosting oil & gas production

Posted: February 12, 2018 at 9:42 pm   /   Oil & Gas

DEA Deutsche Erdoel AG announces a significant increase of production from its oil fields in the Gulf of Suez and from the Disouq gas fields in the Onshore Nile Delta. The next phase of the West Nile Delta (WND) development is intended to contribute to the company’s target. DEA plans to invest about 500 million […]

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