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Middle East and Africa’s Oil & Gas Industry Saw a Drop in Deal Activity in Q1 2021

Led by $2.59bn asset transaction with BP Exploration (Epsilon), Middle East and Africa’s oil & gas industry saw a drop of 32.92% in deal activity during Q1 2021, when compared … Read More

EGYPT: PGS Provides MultiClient Seismic Data for offshore Egypt in 2021 licensing round

PGS has 3 400 km of modern MultiClient seismic data covering all the blocks on offer in the Egypt Offshore Licensing Round. This much-anticipated round extends exploration opportunities in one … Read More

EGYPT: TransGlobe Energy Provides Q1 2021 Financial & Operating Results

In Egypt, the Company sold 171.9 thousand barrels of entitlement crude oil to EGPC during the quarter, and had 455.7 Mbbls of entitlement crude oil inventory at March 31, 2021. … Read More

United Oil and Gas ASD-1X Well Test Update & Submission of Notice of Commercial Discovery

United Oil & Gas has provide the following update on the testing of the ASD-1X exploration well in the Abu Sennan concession, onshore Egypt and the spudding of the AJ-8 … Read More

EGYPT: United Oil and Gas Reports Material Upgrade to Abu Sennan Reserves

Highlights: ·    Independent reserves and resources report, relevant to end 2020, by Gaffney Cline & Associates  indicates material increase in reserves at Abu Sennan: o  24% increase in Abu Sennan Gross 2P … Read More

EGYPT: Shelf Drilling Secures Contract Extension on the Trident 16 Jack-up Rig

Shelf Drilling  has secured a two-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (Petrobel),  a subsidiary company of … Read More

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