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Country summary: Egypt

energy-pedia opportunities - Egypt:
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Egypt - recent news

19 Apr 24
Egypt: SDX Energy announces sale of West Gharib asset in Egypt
SDX has executed a binding sale and purchase agreement ('SPA') for the disposal of the Company's West Gharib interests in Egypt. The Company also continues to progress the binding documentation for the sale of its South Disouq assets.
16 Apr 24
Egypt: United Oil & Gas announces receipt of Egyptian receivables of $1 million in USD
AIM-listed United Oil & Gas has announced an update in relation to Egyptian receivables. United has received a payment from Egyptian General Petroleum Corporation ('EGPC') for USD $1 million. The funds will be used to extinguish the debt and leave the Company debt free while the paperwork to withdraw from Abu Sennan concession is finalised.
21 Mar 24
Egypt: PGS releases first data from 2023 Egypt MC3D survey
PGS has announced that early-out data is now available for the EGY23 Merneith & Luxor MultiClient program. This provides the first 3D seismic data over the deepwater area between the Nile delta and the Herodotus Basin.
19 Mar 24
Egypt: TAG Oil completes drilling stage of BED4-T100 horizontal well
TAG Oil has announced a significant milestone in its ongoing exploration and development efforts within the Badr Oil Field with the successful completion of the drilling phase for the BED4-T100 horizontal well. The well has penetrated an over-pressured reservoir with regions of exceptional porosity and permeability. During drilling operations, there have been clear signs of free oil flowing into the wellbore and to surface.
04 Mar 24
Egypt: Shelf Drilling secures contract extension on Rig 141 in Egypt
Shelf Drilling has secured a two-year contract extension for the Rig 141 jack-up rig in direct continuation of its current term with Gemsa Petroleum Company for operations in the Gulf of Suez offshore Egypt.

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