IPR Energy Discovers Oil in North Beni Suef Concession, Western Desert, Egypt
Texas-based IPR Energy Group (“IPR”) announced the discovery of oil in its exploration concession North Beni Suef (NBS), where it operates the 5,060 km2 concession, located in Upper Egypt near Beni Suef. The first exploration well, NBS-1X, was drilled to a depth of 8,185 ft MD after a successful drilling campaign with a 1,500 hp […]
ExxonMobil Egypt signs MoU with Sawiris Foundation’s Bab Amal Program
Believing in the importance of investing in the community; ExxonMobil Egypt signs MoU with Sawiris Foundation’s Bab Amal Program. ExxonMobil Egypt announced signing a memorandum of understanding with Sawiris Foundation for Social Development (SFSD) to join its program “Bab Amal”, implemented by Giving Without Limits Association in Assiut, aiming to empower participating families, from the most deprived villages. […]
Ganope to start natural gas exploration plan in Upper Egypt next month
Ganope to kick off plan to explore for natgas in Upper Egypt next month: State-owned South Valley Egyptian Petroleum Holding Company (Ganope) will begin next month conducting seismic scans in Upper Egypt, where it plans to explore for natural gas, according to an Oil Ministry statement. Ganope will also soon begin the second round of […]
