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Egypt warned against intentions of Turkey to begin drilling activities in a maritime area west of Cyprus, according to a Saturday statement issued by Egypt’s Ministry of Foreign Affairs. The statement added that Egypt is following the development, warning against the effects of any unilateral actions on security and stability in the Eastern Mediterranean region. …
Company plans to finish 5 wells to add about 5,000 barrels of oil equivalent to daily production rates
Company in discussions with foreign partner to increase investment and review plan in January
The minister is currently visiting Iraq, discussed potential partnership with Iraqi prime minister
Project’s production platform under preparation to link 350m cubic feet of gas daily, says source
Shell reduces number of new wells to 19 wells to develop gas production, 10 wells to inject water into, and 4 wells to explore for gas
Company to complete establishing natural gas processing plant with 1bn cubic feet per day by December 2017
The Italian company is drilling six wells in Zohr in deep waters this year, says official
Shell reduced the number of wells to be dug, due to Brent price decline
Well’s original oil records about 15m barrels, adds approximately 5m barrels to oil reserves
Germany’s RWE, a Suez Oil Company (SUCO) partner, has increased investment allocations for the 2014/2015 fiscal year to approximately $300m compared to the previous $218m, according to a company official. The new investments will be utilised to drill new wells and develop others in the Ras Badran, Ras Fanar, and Gabal El-Zeit oil fields in …
The total amount of investments that are hoped to be collected from public sector companies amount to EGP 3.69bn for the 2014/2015 year, according to Al-Mula.
Ministry of Petroleum says the project will be carried out by the Egyptian Drilling Company
Egyptian Natural Gas Holding Company (Egas) awarded eight licences for gas exploration on 16 April and said it would potentially be offering at least 10 more this year.
The European Bank for Reconstruction and Development proposes a $40m loan for Kuwait Energy to drill for oil
The details of the transaction and its price have not been disclosed.
The Egyptian delegation, which will also meet with representatives from Toronto’s stock exchange, will seek to promote foreign investment in Egypt
Shell and Greenpeace in a tussle over the Arctic
By Ahmed Tolba Badr Petroleum Company (Bapetco), a joint venture between the Egyptian General Petroleum Company (EGPC) and petroleum giant Royal Dutch Shell, announced that the latter has decided to invest $600 million in exportation and production operations in its Western Desert concession areas. The endeavor comes in the context of Shell’s exploration plan for …
More relaxed contractual terms are needed to secure investors interest.