Apache JV Qarun Petroleum drilled 10 Western Desert exploration wells
Qarun Petroleum, a joint venture between Apache and the Egyptian General Petroleum Company, has drilled 10 exploratory wells in the Western Desert, producing a combined 5k bbl/d, the Oil Ministry said in a statement yesterday. This will account for 16% of the company’s total production. The company is now considering investing USD 237 million during […]
EGPC to launch new oil and gas exploration bid round by end of year
The Egyptian General Petroleum Corporation (EGPC) aims to launch an oil and gas exploration tender by the end of this year, to increase the exploration operations in the different concession areas, and boost rates of production, A source in the petroleum sector told Daily News Egypt that EGPC is currently planning the areas to be […]
Eni starts production from Western Desert, announces new discoveries onshore Egypt
Eni starts output onshore Egypt: Italian player kicks off production from the Western Desert. Italian player Eni has started production from its fields in the Western Desert, onshore Egypt. The company said on Tuesday that production from South West Meleiha development lease kicked off with some 5000 barrels of oil. Eni announces new production from […]
United Oil & Gas announces acquisition of Rockhopper Egypt for $16 million
Rockhopper exits Egypt: Interest in Abu Sennan concession sold to United Oil & Gas in $16 million deal. Rockhopper Exploration has struck a deal to sell off its interest in the Abu Sennan concession in Egypt to fellow London-listed company Untied Oil & Gas. Headlines Conditional acquisition by United of Rockhopper Egypt for US$ 16 […]
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 […]
EGAS, EGPC 2018 Bid Rounds results announced with 12 blocks awarded
Shell wins big in Egypt: Supermajor lands five blocks in latest bid round, while ExxonMobil makes debut. Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest ever oil and gas exploration tenders on Tuesday, as the country looks to sustain an investment upswing spurred by major discoveries. […]
TransGlobe’s South Ghazalat 6X exploration well flows oil
Third time lucky for Canadian player as it flows oil and gas from new discovery. Highlights Tested a combined 3,840 Bopd of light (35-38 API) oil from individual tests in the Upper and Lower Bahariya formations in the South Ghazalat 6X exploration well Flowed 2,437 Bopd of light oil, 21 Bpd of water and 1.4 […]
Apache’s investment in Egypt exceeded $1 billion in 2018 – David Chi
David Chi, Vice-President and General Manager of Apache Egypt, said the company’s investments in the Egyptian petroleum sector exceeded USD 1 billion in 2018. In statements to MENA on Thursday on the fringe of a symposium organized by the Egyptian American Chamber of Commerce, Chi said the company is confident in the economic reforms which […]
TransGlobe starts drilling new well at South Ghazalat concession
TransGlobe Energy announced yesterday that it began drilling for oil at its SGZ 6X exploration well in the South Ghazalat concession in the Western Desert. The company also said that it successfully began production from two wells in West Bakr in the Eastern Desert, with output from each well currently averaging around 800 bpd, exceeding […]
Lukoil’s CEO hopes for prompt extraction at Meleiha Block in Egypt
Russia’s oil giant LUKoil hopes that extraction at the Meleiha Block, which the company is developing jointly with Italy’s Eni and Japan’s Mitsui, will start as soon as the talks with the Egyptian government are finished, LUKoil CEO Vagit Alekperov said on Friday. Russia’s oil giant LUKoil hopes that extraction at the Meleiha Block, which […]
