Tag: plans
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An Egyptian company plans to drill 11 wells for oil and gas exploration
The Egyptian Gulf of Suez Petroleum Company “GUPCO” is preparing to start drilling 11 wells for oil and gas exploration, to increase Egypt’s hydrocarbon reserves. Today, Monday, January 30 (2023), Egyptian Minister of Petroleum Tariq El-Molla said, during the approval of the company’s planning budget for the fiscal year (2023-2024), that there is importance to…
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China’s Sinooc reveals production and capital spending plans for 2023
The Chinese company Sinooc announced its strategy for 2023 on Wednesday, January 11 (2023), through which it aims to raise the goal of oil and gas production and capital spending, amid expectations that 9 new projects will start operating during the current year. The company said total capital expenditure for the current year will range…