{"id":596452,"date":"2019-08-28T04:00:02","date_gmt":"2019-08-28T04:00:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/gupco-to-increase-investments-in-ras-shuqair\/"},"modified":"2019-08-28T04:00:02","modified_gmt":"2019-08-28T04:00:02","slug":"gupco-to-increase-investments-in-ras-shuqair","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/gupco-to-increase-investments-in-ras-shuqair\/","title":{"rendered":"Gupco to increase investments in Ras Shuqair"},"content":{"rendered":"

The Gulf of Suez Petroleum Company (Gupco) is planning to invest USD 1.2 bn over the next two years on exploration and development, according to the local press<\/a>. This includes a USD 503 mn investment in Ras Shukeir, where the company plans to drill 13 new wells. Gupco was initially established as a joint venture between BP and the Egyptian General Petroleum Company. BP reached an agreement earlier this year<\/a> to sell its shares in the company to Dragon Oil.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Gulf of Suez Petroleum Company (Gupco) is planning to invest USD 1.2 bn over the next two years on exploration and development, according to the local press. This includes a USD 503 mn investment in Ras Shukeir, where the company plans to drill 13 new wells. Gupco was initially established as a joint venture […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[196,93,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596452","post","type-post","status-publish","format-standard","hentry","category-energy","tag-bp","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"8e69cd31-3acf-48ec-ae4d-e0d0c512a6db","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[596428],"teaser":"","voice_url":""},"yoast_head":"\nGupco to increase investments in Ras Shuqair - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/gupco-to-increase-investments-in-ras-shuqair\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gupco to increase investments in Ras Shuqair\" \/>\n<meta property=\"og:description\" content=\"The Gulf of Suez Petroleum Company (Gupco) is planning to invest USD 1.2 bn over the next two years on exploration and development, according to the local press. This includes a USD 503 mn investment in Ras Shukeir, where the company plans to drill 13 new wells. 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