BP begins trial operations at North Alexandria offshore concession
BP has begun trial operations at its North Alexandria offshore concession and is expected to bring the well to commercial production levels this year, Oil Minister Tarek El Molla said yesterday, Al Borsa reports. As noted earlier this month, BP is expecting to produce 600 million cubic feet per day of natural gas and will […]
Shell to increase gas production to 1 bcf/d in the next few years
Royal Dutch Shell is looking to raise natural gas production from its Mediterranean offshore concessions to 1 bcf/d from a current 500 mmcf/d in the next few years, Ahram Gate reports, following up on a meeting between Shell Egypt Chairman and MD Gasser Hanter and Oil Minister Tarek El Molla. The company reportedly pledged to […]
BP to process 600 mmcfd of WND gas at Shell’s Burullus treatment plant
BP is bringing 600 million cubic feet per day (mmcfd) of gas from West Nile Delta (WND) project’s Taurus and Libra fields in North Alexandria onstream and will process them at Shell’s Burullus gas treatment plant by the end of April, an unnamed source told Al Borsa. The sources say Shell will charge BP USD […]
Qalaa’s ERC in talks with Aramco, KNPC, Shell over fuel imports
Qalaa Holdings subsidiary Egyptian Refining Company (ERC) is in talks with Saudi Aramco, Kuwait National Petroleum Company (KNPC) and Shell to import an additional 1.2 mn tonnes of feedstock needed for its operations at USD 3.7 bn refinery in Mostorod, ERC’s Managing Director Mohamed Saad tells Youm7. (Source: Enterprise.press)
Shell, Petronas begin working on Burullus gas field phase 9B
Royal Dutch Shell and Malaysia’s Petronas have begun working on phase 9B of the Burullus gas field, an unnamed EGAS official tells Al Shorouk. The USD 950 mn project involves drilling eight new wells with a daily capacity of 387 mcf. BG, since acquired by Shell, had suspended work on phase 9A+ and 9B of […]
Minister of Petroleum witnesses Closure of EGYPS 2017 Strategic Conference
EGYPS 2017 Strategic Conference, organized by ministry of petroleum and mineral resources in cooperation with “DMG events” and held under the patronage of his Excellency president Abdel Fattah El-Sisi; president of Arabic Republic of Egypt, concluded with rousing response. The conference discussed and review challenges, investment opportunities, future of mining and Energy in Egypt and […]
Apache Executive: Egypt oil production needs 21st century revamp
Egypt needs to rethink the joint venture model that has governed its onshore oil industry for the past half century as part of wider reforms to the economy, according to James House, senior region vice president for the country’s largest international oil producer, Apache. At the Egypt Petroleum Show EGYPS in Cairo this week, House […]
Eni, BP pouring more investment into Egypt than anywhere else
Eni SpA will start producing from the giant Zohr natural gas field off Egypt’s Mediterranean coast by the end of 2017 and plans to invest $10 billion in the North African country over the next five years, Chief Executive Officer Claudio Descalzi said. Production plans for Zohr are on schedule, and Egypt will be Eni’s […]
Players’ healthy interest outside Egypt’s Nile Delta
Future upstream licensing in Egypt’s Nile Delta offshore province may be facing a hiatus, but the most recent round to have been completed by state-owned Egyptian General Petroleum Corporation signalled healthy interest by players in other acreages. Smaller, cash-strapped players were not much in evidence during the 2016 round, covering acreage in the Gulf of […]
Bapetco increases Obaiyed field production to 140 thousand boepd
Production from the Obaiyed natural gas field in the Western Desert increased to140 thousand boeped, the Oil Ministry told Al Masry Al Youm. Natural gas production increased to 515 million cubic feet per day and crude and condensates output to 47.4 thousand barrels per day. The Obaiyed field is operated by Royal Dutch Shell JV […]