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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

TAG Oil has provided the following update on drilling progress of the BED4-T100 (“T100”) horizontal well in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt. Sequel to the Company’s last update on January 3, 2024 Tag-oil-drills-on-bed4-t100-horizontal-well-in-egypt, the Company has since completed re-drilling from the intermediate cased section of the T100 well in […]

ADNOC and bp have agreed to form a new joint venture (JV) in Egypt. The JV (51% bp and 49% ADNOC) will combine the pair’s deep technical capabilities and proven track records as it aims to grow a highly competitive gas portfolio. As part of the agreement, bp will contribute its interests in three development […]