Gulf Oil and Gas accountACCOUNT

3 Petroleum Agreements with Investments of $ 845 Million

Source: www.oilegypt.com 3/20/2008, Location: Africa

Share |
Eng. Sameh Fahmi, Minister of Petroleum, signed amendment of 3 petroleum agreements for the Egyptian General Petroleum Corporation ( EGPC ), with English, German and Dutch companies in the areas of North Alexandria, West Mediterranean ( Deep Water ) and Nile Delta, with expenditure commitments of $ 845 million, drilling 8 wells, and signature bonuses of $ 105 million.

The Minister pointed out that the amendment of petroleum agreements mainly aims at promoting new investments in exploration and production domains, committing with clear and specific work programs to enhance production and reserves rates, renewal and maintenance of infrastructure, as well as availability of more production to satisfy the growing demand of local market.

Exploration News in Egypt >>

Australia >>  5/21/2018 - Comet Ridge Limited has announced that Easternwell’s Rig 101 spudded the Albany 1 sandstone appraisal well at 1430 hrs on Saturday 19 May 2018. At 060...
Egypt >>  5/21/2018 - Egypt will launch two international bid rounds for oil and gas exploration in 2018, the petroleum ministry said in a statement. ...

Argentina >>  5/18/2018 - Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the succesful completion of drilling of the ELM-1004 explorati...
Argentina >>  5/18/2018 - Argentina has called on oil companies to submit proposals for offshore exploration areas, the country’s official gazette said on Friday, looking to ex...

Egypt >>  5/18/2018 - SDX Energy Inc., the North Africa focused oil and gas company, has announced the positive results of the well test conducted on the Ibn Yunus 1X well ...
Ghana >>  5/17/2018 - Ghana is set to award nine new upstream oil blocks for commercial exploration off its western coast beginning this year, the energy ministry said on T...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


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 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.