BP divests its Gulf of Suez mature oil concessions in Egypt to Dragon Oil
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 […]
TransGlobe SGZ-6X discovery due on stream in new development lease
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 […]
ADES International achieves strong Q1-2019 operational growth
ADES International, oil and gas drilling and production company, said it saw a strong operational performance in the first quarter as the company won new contracts and rig utilisation rose. The company said revenue in the quarter ending March 31 reached US$108.7 million, up from $41.2 million in the year ago period. Its profit margins […]
SDX Energy announces potential delay for South Disouq first 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 […]
LNG exports finally taking off in Egypt – Oilprice
What a difference just a few years can make. After more than a decade of uncertainty for Egypt’s natural gas sector, leading even to importing LNG for years, Cairo is heading to a much brighter gas future. Two weeks ago, Egypt re-joined the ranks of global LNG exporters when its state gas company EGAS tendered […]
Egypt offers four LNG cargoes for April loading as exports rise
Egypt’s natural gas company EGAS is offering four liquefied natural gas (LNG) cargoes for April loading, two industry sources said on Friday. The tender closes on March 18 and will be awarded on March 21, one of the sources said. Egypt’s exports of LNG have quickened since October, with five tankers loaded in March, the […]
Concessions extended in Egypt: New Gulf of Suez investment for DEA
Concessions extended in Egypt – New investment for DEA in the Gulf of Suez. New concession agreement signed at Ministry of Petroleum Focus on unexploited potential of Ras Budran and Zeit Bay fields Improvement of sustainability through well workover and infrastructure integrity DEA has extended its concessions for the Ras Budran and Zeit Bay oil […]
Wintershall, DEA aim to close merger during first half of this year
Wintershall, DEA merger on track:Wintershall and DEA aim to close their merger during the first half of this year, creating what they claim will be Europe’s largest independent gas and oil producer. The new company will look to increase combined production (in 2017) of 575,000 boe/d by around 40% to 800,000 boe/d between 2021 and […]
Eni to complete sixth Zohr gas treatment plant by end of month
Italy’s Eni will complete the Zohr field’s sixth natural gas treatment plant at the end of the month, raising output to 2.3 bcf/d from 2.1 bcf/d currently, the domestic press reports. The Italian company has also completed drilling the tenth well, which has been gradually linked to treatment units that have begun operations, an Oil […]
DEA: First Gas from Giza, Fayoum WND fields offshore Egypt
Next milestone at DEA’s West Nile Delta project: First Gas from the Giza and Fayoum fields offshore Egypt. Production start from additional two gas fields in time and below budget. West Nile Delta contributes to DEA’s continuous growth. Maximum rate from Giza and Fayoum of approximately 700 mmscfd expected. DEA and operator BP commenced production […]
