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Tag: Western Desert

Apache announces first-quarter financial and operational results

Posted: May 13, 2015 at 2:03 pm   /   Oil & Gas

Apache Corporation announced a first-quarter 2015 net loss of $4.7 billion or $12.34 per diluted common share, which includes an after-tax ceiling-test write down of $4.7 billion, as a result of substantially lower commodity prices. When adjusted for certain items that impact the comparability of results, Apache’s first-quarter loss totaled $139 million or $0.37 per […]

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Eni reports record level of oil production in the Western Desert

Posted: April 21, 2015 at 8:30 pm   /   Oil & Gas

In just three years, the company has doubled production in the Western Desert, reaching 70 thousand barrels of oil per day. Eni reached a record level of production of 70 thousand barrels of oil per day in the Western Desert of Egypt, doubling its level of production in the area in just three years. Such […]

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Kuwait Energy announces oil discovery at Abu Sennan

Posted: April 15, 2015 at 7:50 pm   /   Oil & Gas

Kuwait Energy, an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), announced that the exploration well ASH-1ST on the Abu Sennan concession, located in the Western Desert onshore Egypt discovered hydrocarbons in the Alam El Bueib (Early Cretaceous) Formation. Kuwait Energy holds […]

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Apache Corporation reports strong results from discoveries in Egypt's Western Desert

Posted: April 1, 2015 at 10:55 pm   /   Oil & Gas

Apache Corporation reported strong appraisal- and development-drilling results from Egypt following the previously announced discovery of two new oil fields in the Western Desert. The initial discoveries were announced with the fourth quarter 2014 results on Feb. 12, 2015. Development leases were approved by the Egyptian General Petroleum Corporation (EGPC) and Ministry of Petroleum in […]

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Eni signs a $5 billion framework agreement for the development of Egypt's oil and gas resources

Posted: March 17, 2015 at 8:36 pm   /   Oil & Gas

The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, signed with Eni’s CEO, Claudio Descalzi, a Head of Agreement aimed at the development of the oil and gas resources of the Country while preserving the return of Eni’s investments. The Head of Agreement envisages investments of an estimate 5 billion dollars of total value […]

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