Africa
EGYPTIAN General Petroleum Corporation, EGPC, led globally among companies in the third quarter, Q3, 2019 in terms of the highest number of oil and gas discoveries, according to Global Data, a leading data and analytics company.
The company’s latest report, ‘ Q3 2019 Global Oil and Gas Discoveries Review – South America and Europe Dominate with Highest Number of Discoveries in Quarter ‘, Reveals That of the total 38 discoveries made worldwide, EGPC had four, all being onshore discoveries. Of these, three were conventional and discovered while still a conventional gas discovery.
Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, explains: “Of the three conventional oil discoveries made by EGPC in Q3 2019, two are in the Western Desert This lone conventional gas discovery was made in the Nile Delta Basin.”
Tejomoortula continues: “Aker BP, the Abu Dhabi National Oil Company and BHP had the largest number of oil and gas discoveries in Q3 with three each in Q3 2019. and the sites were in shallow water terrain.
“The Abu Dhabi National Oil Company had three conventional oil discoveries in the onshore terrain, while it had three conventional gas discoveries in the ultra-deepwater terrain.
“Equinor, Oil & Gas Development Company, and Tullow Oil stood with third discoveries each in the quarter. Equinor had one oil and one gas discovery in the deepwater terrain; Oil & Gas Development Company had two gas discoveries in the onshore terrain; and Tullow Oil had two oil discoveries in the deepwater terrain.”
– Nov. 5, 2019 @ 14:25 GMT |
Tags: Egypt's EGPC saw highest number of oil gas discoveries in Q3 2019
