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 […]
EGAS agrees to purchase gas from Eni’s Faramid at $2.6/MMBtu
The Egyptian Natural Gas Holding Company (EGAS) reportedly agreed to purchase natural gas produced from Eni’s Faramid South asset at USD 2.6/MMBtu, sources from EGAS said. The well, which is in Eni’s East Obayed concession in the Western Desert, has been closed pending Eni reaching an agreement with Royal Dutch Shell over the terms of […]
TransGlobe’s NW Sitra exploration well in Western Desert disappoints
TransGlobe Energy has announced an update on its operations in Egypt. Updates Corporate production during the quarter averaged 14.8 MBoepd in July, 13.5 MBoepd in August and 14.4 MBoepd to date in September. Received proceeds of $59 million during the third quarter for cargos lifted in June and July. Drilled and preparing to abandon NW […]
Egypt signs $10 mn E&P agreement with Rockhopper, Kuwait Energy, Dover
The Egyptian General Petroleum Corporation EGPC signed a USD 10 million agreement with British Rockhopper Exploration, Kuwait Energy and Canada’s Dover Corporation for oil and gas exploration in the Abu Sennan concession in the Western Desert, according to an Oil Ministry statement on Saturday. The agreement entails the drilling of four wells and includes a […]
IPR executing its largest drilling, operational campaign in Egypt
IPR Drilling Away in Egypt: US independent IPR Energy Group continues to execute its largest drilling and operational campaign since entering the upstream sector in Egypt in 1993, with the drilling of 25 of 40 planned wells during the first half of 2018. According to the company this pace of activity will continue through the balance […]
