The ASD-1X, in Egypt’s Abu Sennan, is a commercial discovery, United Oil & Gas reported, saying a second well had been spudded on May 2.
Egyptian General Petroleum Corp. (EGPC)
Pharos Energy has secured improved fiscal terms on its El Fayum concession, in Egypt’s Western Desert.
TechnipFMC has won subsea tie-back work on the NEA/NI project offshore Egypt.
A restart of the Damietta LNG plant is once again on the cards following an agreement between Eni, Naturgy and two state-owned Egyptian companies.
TransGlobe Energy has posted a net loss of $13.4 million for the second quarter, as production declined and prices fell.
Neptune Energy has completed its acquisition of an ocean bottom nodes (OBN) multi-client survey on Egypt’s offshore North West El Amal block.