Gulf Oil and Gas accountACCOUNT

Mehleb Witnesses Signing of 2 Petrol, Natural Gas Excavation Agreements

Source: Al Masry Al Youm 5/20/2014, Location: Africa

Share |
Prime Minister witnessed protocols of signing two new agreements in field of excavating petrol and natural gas in Western desert and Suez gulf areas at investments estimated at US$63 million.

The first agreement was signed between the Egyptian General Petroleum Company and the US Apache Corporation to dig six wells at the Western desert at investments of $24 million and signing bonus of US$15 million. The second agreement was signed between South Valley holding company for petroleum and the British Dragon oil to dig three wells at the Sue gulf at investments of $39 million and signing bonus of $6 billion.

The new agreements raise the total number of agreements signed to 31 of excavation of petrol and natural gas since October 2013, at minimum rate of investment of around $2 billion and signing bonuses of $216 million. The minimum rate of wells dug has reached 135.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Natural Gas News in Egypt >>

China >>  11/7/2018 - Natural gas prices are surging after a dramatic change to U.S. weather forecasts indicates that winter-like temperatures will grip much of the country...
United States >>  11/7/2018 - Sempra Energy (SRE) announced that its subsidiaries Infraestructura Energetica Nova S.A.B. de C.V. (IEnova) (IENOVA) and Sempra LNG & Midstream have s...

Russia >>  11/5/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took ...
Algeria >>  10/22/2018 - A partnership agreement was signed at Aval headquarters in Oran, between the company Helios (Sonatrach subsidiary) and the American group "Air Product...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.