Tag: wells
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Oil and gas exploration in Guyana expects to drill 35 new wells
The coming period is witnessing a revival of oil and gas exploration activity in Guyana, as the success achieved by Exxon Mobil there has increased the appetite of the American company to explore for more fossil fuels in the deep waters off the coast of the South American country. In this regard, a consortium of…
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Egypt is looking forward to drilling 35 wells for oil and gas exploration
Egypt is implementing an integrated program in cooperation with major international companies to explore for oil and gas, as part of its strategic plan to benefit from its natural resources and become a regional center for energy trade. In this context, Petroleum Minister Tarek El-Molla revealed that his country has begun implementing an ambitious program…
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The increase in the operation of new Russian oil wells in the first quarter of 2023
The operation of new Russian oil wells witnessed a noticeable increase in the first quarter of 2023, despite the voluntary reduction in production announced by Moscow until the end of the year. Russian oil companies began operating 2,001 new oil wells in the first three months of the year, up 10 percent on an annual…
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Egyptian Minister of Petroleum: Oil prices are an incentive to drill more wells and increase production
Egyptian Minister of Petroleum, Tarek El-Molla, confirmed that the current rise in oil prices and their stability above $80 per barrel is an incentive to continue exploration and increase production. Al-Mulla stressed the importance of the meetings that take place to discuss the development and increase of the current production rates of crude oil, and…
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EGYPS 2023.. Egypt plans to drill 300 wells for oil and gas exploration
Egypt seeks to develop its energy sector. Today, Sunday, February 12, Minister of Petroleum and Mineral Resources Tariq Al-Mulla – during his speech following the presidential opening of the EGYPS 2023 conference – unveiled a plan to drill more than 300 exploratory wells. Al-Mulla explained that Cairo has already started communicating with global partners, and…
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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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An expected jump in Iranian oil production from 750 wells
Iranian oil received a new impetus as part of government efforts to boost production, in order to reach the target of 5.7 million barrels per day. Iran’s state oil company has awarded contracts worth $500 million to local companies to revive low-production oil wells in the country, according to the Iranian news agency Mehr. This…
