info@oilfieldafricareview.com       +2347067282358

Egypt

Pharos to Increase El Fayum Production Rates, Secures Egyptian Cabinet Approval Amendment

Pharos Energyan independent oil and gas exploration and production companyhas announced that the Egyptian Cabinet approval of the Third Amendment of its El Fayum Concession Agreement. The approved terms, already announced on 30 March 2021, include both an increase of the cost recovery petroleum percentage and an extension of the exploration term of three and […]

Oilfield Africa - Thursday November 4, 2021
Longboat Energy Is Optimistic Of Egyptian Vulture Well Exploration Campaign.

Longboat Energy, the emerging full-cycle North Sea E&P company with a portfolio of significant, near term, low-risk exploration assets, has disclosed the company’s optimism in discovering oil at the Egyptian Vulture exploration well PL939 (Company 15%), the second well in its fully-funded, seven well exploration programme. The exploration well 6407/1-9 in the Norwegian Sea encountered […]

Oilfield Africa - Thursday October 28, 2021
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

Get free monthly subscription news in oil and gas industry
*Please enter a valid email address

Please wait....

Thank you for subscribing...