BP plans to invest more than US$12bn in Egypt over the next five years and double its gas supplies to the North African nation in the next decade, according to the British explorer executive
Exploration & Production
RAK Petroleum acquires additional stake offshore Côte d’Ivoire field
UAE-based energy investment firm RAK Petroleum has increased its indirect stake in a Côte d’Ivoire offshore field with an investment of US$10.6mn
Sonatrach chalks out energy strategy in Algeria
Algerian company Sonatrach has announced that it would intensify its exploration efforts by drilling 125 wells a year and expand its transportation network to help boost oil and gas production over the next five years
Masirah Oil launches new 3D seismic survey offshore Oman
Masirah Oil has commissioned a new 3D seismic survey offshore Omani Block 50 to select prospects for its planned multi-well exploration drilling programme in the next two years
Gulfsands Petroleum and Arawak Energy International enter into strategic deal for MENA region
Gulfsands Petroleum has developed a strategic relationship with Arawak Energy International to ease acquisitions and development of new oil and gas opportunities in the Middle East and North Africa (MENA) region
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