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Egypt

United O&G Resumes Oil Production in Abu Sennan License Onshore Egypt

United Oil & Gas through its recent operations update has reviewed that the company has started production on the ASX-1X well in the Abu Sennan licence, onshore Egypt. ASX-1X Well The ASX-1X well which is located 7km to the north of the producing Al Jahraa Field has safely reached a Total Depth of 4,272m, several […]

Oilfield Africa - Thursday October 21, 2021
Dana Gas’s KRI and Egypt collections almost doubled in 9 months

Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company announces that its 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million (AED 938mm) from $127 million (AED 466mm) in the same period the previous year. Dana Gas, which owns a 35% […]

Oilfield Africa - Wednesday October 13, 2021
Cheiron Petroleum and Cairn Energy acquire Shell Western Desert assets in Egypt

Shell Egypt N.V. and Shell Austria GmbH, subsidiaries of Royal Dutch Shell, PLC, have completed the sale of their upstream assets in Egypt’s Western Desert to a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC for a base consideration of US$ 646 million and additional payments of up to US$ […]

Oilfield Africa - Tuesday September 28, 2021
Pharos Energy in Farm-Out agreements of Egyptian Assets

Pharos Energy plc, an independent oil and gas exploration and production company has entered into conditional agreements for the farm-out and sale of a 55% working interest and operatorship in each of the Egyptian El Fayum and North Beni Suef Concessions to IPR Lake Qarun Petroleum Co. (IPR Lake Qarun), a wholly owned subsidiary of […]

Oilfield Africa - Thursday September 16, 2021
Egypt boosts green energy economy via EBRD and QNB ALAHLI partnership financing

Africa commitment to key in with prevailing wave in global energy transition has  being entrenched in Egypt  developmental  economy. The European Bank for Reconstruction and Development (EBRD) is now plan to boost small businesses and green investments in Egypt  with a US$ 50 million loan to ONB ALAHLI,  one of Egypt’s largest commercial banks. The loan, […]

Oilfield Africa - Wednesday August 18, 2021
United Oil & Gas reveals latest well success in Egypt

“We are delighted to be able to announce yet another positive result from the Abu Sennan licence,” said chief executive Brian Larkin. United Oil & Gas (LON: UOG) announced the success of its latest development well, Al Jahraa-8 (AJ-8), at the Abu Sennan concession in Egypt. The well encountered more than 40 metres of net […]

Oilfield Africa - Monday July 19, 2021
EBRD and NBE support small businesses in Egypt

Small and medium-sized enterprises (SMEs) in Egypt will benefit from a US$ 100 million loan by the European Bank for Reconstruction and Development (EBRD) to the National Bank of Egypt (NBE) to support energy efficiency, climate change mitigation and the introduction of adaptation technologies. NBE will on-lend the funds to SMEs in industry, commerce, and agriculture […]

Oilfield Africa - Wednesday June 9, 2021
Egypt: UOG expects increase in production as ASD-1X Oilfield resumes

United Oil & Gas plc’s (UOG) an exploration and production company with operations in Egypt has been granted approval for a development lease to cover the ASD-1X discovery, part of the Abu Sennan Licence, which allows production operations to get underway. Production starts from the ASD-1X well at an initial gross rate of 1,295 bopd, […]

Oilfield Africa - Friday June 4, 2021
APA Corporation Reaches Agreement with EGPC for new PSC in Western Desert of Egypt

APA Corporation (APACHE) has announced it has reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC) in support of the MOP’s efforts to modernize the country’s petroleum sector. The new Production Sharing Contract (PSC) will consolidate the majority of the concessions in the Western Desert of Egypt operated by APA Corporation subsidiary Apache Egypt (“Apache”) […]

Oilfield Africa - Friday May 7, 2021
Apache Announces 1Q 2021 Financial and Operational Update offshore Egypt

Highlight Reported production of 382,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 326,000 BOE per day;  Generated net cash from operating activities of $671 million, adjusted EBITDAX of $1.14 billion, and free cash flow of more than $500 million; Delivered upstream capital investment and […]

Oilfield Africa - Friday May 7, 2021

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