Large international oil companies in Egypt have faced slow-downs in operations and investments, while the upstream sector remains mobile with exploration drilling activity ongoing in various underexplored regions.
The Meseda-14H, Meseda-10H and Meseda-4H appraisal wells were drilled in the Meseda field and are producing about 2,100 barrels of oil per day combined with a low water cut of up to 1 percent.
The Raboul South-1X exploration well in H Block of the West Gharib concession came up dry. Madison PetroGas has a 50-percent working interest in blocks G and H in West Gharib.
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More
This website uses cookies.