, which is operator company on behalf of Egyptian General Petroleum Corporation (EGPC) and Eni, also recently made two additional near field oil discoveries in the Meleiha development lease in Western Desert, specifically on the Basma and Shemy prospects.
VetcoGray, a GE Oil & Gas business, applied its latest technology to overcome unique challenges, reduce project costs and risks, and successfully convert an exploration well to full production service at Agiba
Petroleum Company's West Ashrafi hydrocarbon facility in Egypt's Gulf of Suez, Red Sea.a The project marks the first time that VetcoGray has converted a mudline exploration system to an SG-1 wellhead subsea system for production duty.
Norwegian offshore contractor DeepOcean ASA said on Tuesday (12 June) that its subsidiary CTC Marine Projects Ltd has received a letter of intent for a subsea contract from AGIBA
All these new actions in the Western Desert are contributing in excess of 15,000 boe/d to the AGIBA
(Ashpetco), a JV of EGPC and ENI's local unit IEOC, produces 7,000 b/d of 30[degrees] oil (down from 20,000 b/d in late 2003) from the Ashrafi field in the south of the GoS, run by IEOC through a WD JV called Agiba
The Italian major Eni has also heavily invested in Egypt's hydrocarbon sector and operates mostly through a JV known as Agiba
Petroleum and its subsidiary IEOC.
Finishing & landscaping works for seven buildings at the Syndicate's service & recreational project in Om El Rokhm/ Agiba
within Markaz & City of Matrouh.
El-Molla's statements followed the general assembly of the Agiba
Petroleum Company, which he chaired, to adopt the planning budget for the fiscal year 2019/20.
The production takes place through IEOC's Operating Company Agiba
, which is equally held by IEOC and the Egyptian General Petroleum Corporation (EGPC).
A $380 million expansion of the Four Seasons Resort will be completed by the end of 2018 in Sharm El Sheikh, while the coastal Governorate of Matrouh is developing a $270 million Hotel Apartment complex, the Address Resort Marassi at Sidi Abdul Rahman worth $150 million, and the Agiba
Beach, a project valued $135 million.
(Ashpetco), a JV of EGPC and IEOC, produces 9,000 b/d of 30[degrees] oil (down from 20,000 b/d in late 2003) from the Ashrafi field in the south of the GoS, run by IEOC through a WD JV called Agiba