Energy

Tharwa to drill 7 new wells in 2020

by enterpriseam adminEgypt Edition2 April 2020

Read Full Issue

The Tharwa Petroleum Company will drill seven new exploration wells in 2020, the Oil Ministry said in a statement. Tharwa president Amr El Leithi said that the company will also secure six new concessions and enter into joint ventures with Total, Exxon Mobil, Chevron, BP and Shell this year. Tharwa owns concessions in Siwa, and the Western and Eastern Deserts, and drilled eight exploration wells in 2019 yielding around 6.8k bbl/d.

Related

Tags:

BP Chevron Eastern Desert energy ExxonMobil Oil Ministry Shell Tharwa Petroleum Company TotalEnergies

More from Enterprise

Banking

Egypt continues to issue LCs as usual

Egypt continues to issue LCs as usual

LCs continue to be processed — albeit after closer inspection…

Finance

EGX kicks off first day of futures trading on the EGX

EGX kicks off first day of futures trading on the EGX

The rollout includes 3- and 6-month future contracts tracking the…

Capital Markets

Beltone to launch Fadda, Egypt’s first-ever silver investment fund

Beltone to launch Fadda, Egypt’s first-ever silver investment fund

Good afternoon, friends, and (almost) Eid Mubarak. With Ramadan on…

Fintech

How Egypt’s fintech players can own the digital Eidiya evolution

How Egypt’s fintech players can own the digital Eidiya evolution

💸 Eid traditions in Egypt (and the region) have held…

Now Playing

Now Playing

00:00

00:00