PGNiG, Egyptian Oil Ministry Ink Exploration Deal for Bahariya Block

PGNiG and the Egyptian Ministry of Oil signed a contract on the exploration and development of oil deposits in the Bahariya block in the Western Desert.

The contract was signed by Waldemar Wojcik, Vice-President of PGNiG SA for Oil Mining, and H. E. Eng. Sameh Fahmy, Minister of Oil of the Arab Republic of Egypt.

The estimated cost of the exploration works in the area is US $48 million. Pursuant to the provisions of the contract, the Company will make at least two exploration drillings and 1350 km of seismic works. If any deposits are discovered, they will be developed and drilled for oil. The Bahariya block has an area of 4414.4 km2 and is situated approximately 200 kilometers southwest of Cairo.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
EU Business Development Manager - Refining/Maintenance Services
Expertise: Business Development
Location: Houston, TX
Field Operations Supervisor II Job
Expertise: Field Service Tech|Refinery / Plant Operations Supervisor|Regulatory Compliance
Location: Minneapolis, MN
Manager, Probabilistic Risk Analysis Job
Expertise: Business Development|Research & Development|Technical Manager
Location: Minneapolis, MN
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours