7 February 2017
The work programme and budget for the Abu Sennan Concession sees the imminent drilling of both an exploration and a development well close to the Al Jahraa and Al Jahraa SE fields (over which a new development lease was awarded in Q4 2016) during the first half of 2017.
The exploration well, Al Jahraa-SE2, which is due to spud in March 2017, will target the AR-C reservoir in the fault block immediately to the south of the Al Jahraa SE field.
Thursday, 5 January 2017
Oil and Gas producer Merlon International is allocating USD 54 mn towards its development and production operations in its El Fayum concession in FY2017-18, Al Mal reported. Merlon’s JV PetroSilah will end FY2016-17 having invested around USD 64 mn, below the budgeted amount of USD 88 mn, sources at EGPC said. Currently, all of Merlon’s oil and gas assets are located within El Fayum concession in the Western Desert.
