Kom Ombo Petroleum to start $3m drilling operation at Baraka concession
Kom Ombo Petroleum — a JV between the Egyptian General Petroleum Company and Mediterra Energy — will begin drilling two wells at its Baraka concession, which is expected to cost USD 2.5-3 mn, Al Mal reports, citing unnamed industry sources. The Baraka concession has produced some 350 to 400 bbl / d of oil this […]
Egypt signs two exploration agreements with IPR and Mediterra
Egypt’s Minister of Petroleum and Mineral Resources, Tarek al-Molla, signed two agreements for oil and gas exploration in upper Egypt with U.S. company IPR and Cyprus subsidiary Mediterra, the ministry said in a statement on Tuesday. The agreements include the drilling of three exploration wells located in sectors 7 and 8 in the country’s southern […]
Results of Ganope Bid Round announced, awards five concessions worth $100 million
Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about $100 million with bonuses of $3.7 million to drill 16 exploration wells for oil and gas, having received seven offers for 5 blocks, the oil ministry said in a statement on Monday, as the country seeks […]