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Egypt

UOG tests ASD-1X well, spuds AJ-8 Development well offshore Egypt

United Oil & Gas PLC the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, has announced the following update on the testing of the ASD-1X exploration well in the Abu Sennan concession, onshore Egypt and the spudding of the AJ-8 development well. United holds a 22% non-operating interest in Abu Sennan, which is […]

Oilfield Africa - Thursday May 6, 2021
Dana Gas jettisons Egyptian onshore assets sale deal

Dana Gas United Arab Emirates-listed company has said that it had abandoned plans to sell onshore oil and gas assets in Egypt after conditions for a transaction could not be met. The energy company had expected to close the $236 million sale to IPR Wastani Petroleum Ltd, a member of the IPR Energy Group, early […]

Oilfield Africa - Tuesday April 27, 2021
EBRD consortium bankroll Egypt’s largest solar plant, Kom Ombo, with US$114 million financing package

The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development   (EBRD), the  (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund  (GCF) and Arab Bank today signed a US$114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt. The development of the Kom […]

Oilfield Africa - Tuesday April 27, 2021
BP achieves third stage of gas production from West Nile Delta development in Egypt

BP today announced gas production from Raven field, the third stage of its major West Nile Delta (WND) development off the Mediterranean coast in Egypt. The approximately $9 billion WND development includes five gas fields across the North Alexandria and West Mediterranean Deepwater offshore concession blocks in the Mediterranean Sea. bp and its partners, working […]

Oilfield Africa - Tuesday April 27, 2021
UOG Announces Material Upgrade on Abu Sennan Reserves

United Oil & Gas PLC, the growing oil and Gas Company with a portfolio of production, development, exploration and appraisal assets is pleased to provide the following reserves update on the Abu Sennan concession, onshore Egypt. United Oil & Gas holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt. Highlights: Independent reserves […]

Oilfield Africa - Friday April 16, 2021
United Oil & Gas PLC gives Quarterly Production Report, Egypt

United Oil & Gas PLC, the growing oil and Gas Company with a portfolio of production, development, exploration and appraisal assets, offers a quarterly production update for the first quarter of 2021. United’s Q1 2021 net working interest production averaged 2,520 boepd (2,053 bopd oil and 467 boepd gas), slightly above the previously provided guidance for H1-21 […]

Oilfield Africa - Wednesday April 14, 2021
United Oil and Gas gives operations update in Abu Sennan offshore Egypt

The ASD-1X exploration well, located 12km to the north-east of the producing Al Jahraa Field, safely reached its projected depth several days ahead of schedule and under budget. United Oil and Gas has announced that  it achieved a positive outcome in its drilling of the ASD-1X exploration well in the Abu Sennan concession. Preliminary results suggest […]

Oilfield Africa - Wednesday April 7, 2021
SHELF DRILLING TRIDENT 16 JACK-UP RIG CONTRACT IN EGYPT EXTENDED

Shelf Drilling, Ltd has announced that it has secured a two-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (“Petrobel”) for operations in the Gulf of Suez offshore Egypt. The Trident 16 has been working with Petrobel in Belayim fields since 2015, and following […]

Oilfield Africa - Friday March 26, 2021
Shell’s Egypt onshore sale adds to $4 billion annual divestment plan

Shell’s recent sale of onshore assets in Egypt helps bring the European major closer to its $4 billion divestment target for the year, but it also supports the buyer. Working to achieve a net zero target by 2050, UK-based Cairn Energy acquired Shell’s stake in producing gas assets in the Western Desert, while offloading its […]

Oilfield Africa - Friday March 26, 2021
Eni, partners to restart Damietta liquefied natural gas plant, settles Union Fenosa Gas disputes in Egypt

Eni has announced that it has closed the agreement signed last December with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and the Spanish company Naturgy that will restart the Damietta liquefaction plant in Egypt, settle Union Fenosa Gas and SEGAS’s outstanding disputes with […]

Oilfield Africa - Saturday March 13, 2021

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