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Egypt

Egypt Launches New Bid Round For Natural Gas Exploration at 12 Blocks

The Ministry of Petroleum and Mineral Resources announced that the Egyptian Natural Gas Holding Company (EGAS) has launched a new international 2024 bid round for the exploration and exploitation of natural gas and crude oil in 12 blocks in the Mediterranean and the Nile Delta. This includes 10 offshore blocks and two onshore blocks, through […]

Oilfield Africa - Monday September 9, 2024
Egyptian Turns Major Investment Focus On Hydrocarbon

The Egyptian Government of Prime Minister Mostafa Madbouly has recently uploaded country’s major investment drive to hydrocarbon exploration by approval of temporal five petroleum exploration and production commitment agreements during. The Egyptian President took this bold investment on Tuesday being his inaugural meeting since his assumption to office. These agreements, expected to generate roughly $200m […]

Oilfield Africa - Thursday July 11, 2024
IPR Energy Makes Discovery in  Alamein/Yidma, Western Desert, Egypt

IPR has announced the discovery of exploration well West AY-1X and the successful testing and production from a new formation (Kharita) in Alamein-44, adding an incremental 2,850 BOPD to the Yidma-Alamein Western Desert Development Lease. West AY-1X was drilled to a depth of 13,166 ft, utilizing a 1500 HP drilling rig. This deep multi-target exploration […]

Oilfield Africa - Thursday June 13, 2024
ADES Holdings Secures New Drilling Rigs Contract in Egypt

Key Highlights of the Awards • The SUCO award in Egypt’s Gulf of Suez is for a firm 21-month term expected to start in the coming weeks. The drilling campaign will utilize a standard jackup unit from ADES’ fleet.  • The contract value from the firm term is approximately SAR 161 million.  • The new […]

Oilfield Africa - Tuesday May 7, 2024
SDX Energy Divests Interest in West Gharib Asset, Egypt

SDX Energy has disclosed that it has executed a binding sale and purchase agreement (SPA) for the disposal of the Company’s West Gharib interests in Egypt. The Company also continues to progress the binding documentation for the sale of its South Disouq assets. The Company is focused on delivering shareholder value by focusing its efforts on […]

Oilfield Africa - Saturday April 20, 2024
United Oil & Gas Declares Debt free, to Exit Abu Sennan in Egypt

United Oil & Gas the oil and gas company with a high impact exploration asset in Jamaica and a development asset in the UK has disclosed an update in relation to Egyptian receivables. United has received a payment from Egyptian General Petroleum Corporation (EGPC) for USD $1 million. These funds will be used to extinguish the debt and leave the Company debt […]

Oilfield Africa - Tuesday April 16, 2024
PGS Releases First Data from 2023 Egypt MC3D Survey

Encouraging imaging in the pre-Messinian section is already apparent in this pseudo relief image from the early-out KPSDM full stack volume through Merneith & Luxor MC3D.The 6 175 sq. km EGY23 Merneith & Luxor survey draws on the expertise of our partners the Egyptian Natural Gas Holding Company (EGAS) and was acquired by leveraging the […]

Oilfield Africa - Sunday March 24, 2024
TAG Oil Completes Drilling Stage of BED4-T100 Horizontal Well in Egypt

TAG Oil  has announced a significant milestone in its ongoing exploration and development efforts within the Badr Oil Field (BED-1) with the successful completion of the drilling phase for the BED4-T100 (T100) horizontal well in the Abu Roash “F” limestone formation (ARF). The well has penetrated an over-pressured reservoir with regions of exceptional porosity and permeability. […]

Oilfield Africa - Thursday March 21, 2024
TAG Oil Completes Drilling Stage of BED4-T100 Horizontal Well in Egypt

TAG Oil  has announced a significant milestone in its ongoing exploration and development efforts within the Badr Oil Field (BED-1) with the successful completion of the drilling phase for the BED4-T100 (T100) horizontal well in the Abu Roash “F” limestone formation (ARF). The well has penetrated an over-pressured reservoir with regions of exceptional porosity and […]

Oilfield Africa - Tuesday March 19, 2024
Shelf Drilling Wins Rig Extension Contract in Egypt

Shelf Drilling has announced that it has secured a two-year contract extension for the Rig 141 jack-up rig in direct continuation of its current term with Gemsa Petroleum Company for operations in the Gulf of Suez offshore Egypt. The total estimated value for the contract extension is approximately USD 51 million. One year of the […]

Oilfield Africa - Tuesday March 5, 2024

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