The Minister of Petroleum and Mineral Resources, Tarek El Molla, and the Italian Ambassador to Egypt, Giampaolo Cantini, witnessed the signing of Engineering, Procurement and Construction (EPC) contract for establishing a Mazut Hydro-cracking Complex in Upper Egypt, according to a press release. The contract was signed by the Head of Assiut National Oil Processing Company […]

Maersk Drilling a leading drillships owner has been awarded a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt. The contract has an estimated duration of 21 days and is expected to commence in March 2020, in direct continuation of the rig’s current contract. The contract value is approximately USD 3.8m. “We’re pleased to […]

Egypt’s Petroleum Minister Tarek El-Mo lla (M) during the signing of the deal with Neptune Energy on Wednesday, February 12, 2019, Cairo, Egypt Egypt has signed an oil and gas exploration deal with Neptune Energy worth around $35 million for three wells in the Gulf of Suez, the oil ministry said on Wednesday. The wells […]