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Tag: Reserves
transglobe map

TransGlobe Energy announces its 2021 year end reserves

Posted: March 11, 2022 at 9:32 pm   /   Oil & Gas

TransGlobe Energy has announced the results of its independent reserves evaluation for the year ended December 31, 2021 as prepared by GLJ Ltd. All dollar values are expressed in US dollars unless otherwise stated. HIGHLIGHTS Proved Developed Producing (‘PDP’) gross reserves increased 30% to 19.9 MMboe from 15.3 MMboe at year end 2020. Total proved (‘1P’) gross reserves increased […]

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MEES Bashrush

Nile Delta’s Bashrush gas well reserves estimated to be 250 bn cubic feet

Posted: July 16, 2020 at 12:00 pm   /   Oil & Gas

(Photo Courtesy of MEES) Reserves at the Bashrush exploration well in the Nile Delta have been estimated to be around 250 bn cubic feet of natural gas, Masrawy reports, citing an unnamed official at the Egyptian Natural Gas Holding Company (EGAS). Italy’s Eni began production tests at the well earlier this month with partners BP […]

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abu sennan

United Oil & Gas upgrades reserves of Egypt’s Abu Sennan Concession

Posted: June 25, 2020 at 2:33 pm   /   Oil & Gas

Highlights 13,900 boepd gross (3,060 boepd net working interest) average production from the Abu Sennan concession for the first half of June – a 69% increase compared to average April production (1,810 boepd net) Total production during that period has benefited from the ongoing testing of the El Salmiya-5 Well, with c. 4,000 bopd and […]

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Egypt has fourth largest remaining ultra-deepwater natural gas reserves

Posted: June 6, 2018 at 2:09 pm   /   Oil & Gas

Egypt is one of the ten countries in the world with the largest remaining ultra-deepwater natural gas reserves, with around 18,852 bcf ready to be economically recovered, according to GlobalData Energy. Ultra-deepwater gas production set to triple by 2025. Global ultra-deepwater gas production is expected to more than triple over the next eight years, from […]

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El Molla: Egypt's proven reserves of natural gas exceed 72 trillion cubic feet

Posted: November 4, 2017 at 8:03 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Tarek El Molla revealed that the proven reserves of gas in Egypt exceed 72 trillion cubic feet (tcf), while the uncertain reserves reach 120 trillion cubic feet, stressing that international scientific research organizations say the promising future awaits the Eastern Mediterranean region with regard to gas. “We expect oil […]

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Zohr's second well indicators revealed larger gas reserves – EGAS source

Posted: July 11, 2016 at 9:46 pm   /   Oil & Gas

The primary indicators of Zohr field’s second well, developed by Italian company Eni, show an increase in gas reserves owing to the discovery of a gas-carrying layer that is larger than that found in the first well. These results indicate an increase in production to 250m cubic feet per day compared to the initial test […]

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EGAS source: Zohr estimated reserves revised up to 32 tcf from 30 tcf

Posted: July 11, 2016 at 2:53 pm   /   Oil & Gas

Estimated gas reserves at the Zohr field have been revised up to 32 tcf (trillion cubic feet) from an initial estimate of 30 tcf, a source at EGAS told Al Borsa. Eni is currently drilling its fifth appraisal well, out of six wells planned for the first phase of the project. The source said each […]

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