Middle East
BG Group chief exec Ian Hewitt has said the company will lift to $3 billion the amount spent producing and exploring for gas in Egypt over the next three or four years, news agency Reuters reported Tuesday. 
Petroleum Development Oman (PDO) has awarded two major engineering, procurement and construction (EPC) contracts for the Qarn Alam steam-injection project. 
Aabar Petroleum Investments Company PJSC has completed drilling and testing operations on the Makassar Straits-4 (“MS-4”) appraisal well in the Sebuku Production Sharing Contract (“PSC”) offshore east Kalimantan, Indonesia. 
Punj Lloyd Limited (PLL), a global EPC services provider in energy and infrastructure domains, has secured the contract for construction of pipeline from OGC (Oman Gas Company) on EPC basis in Oman. The contract is valued at Rs 5.30 billion ($123 million). 
Iraq’s oil resources are said to have doubled after close scrutiny in the years following the U.S.-lead invasion and occupation, according to oilfield consultancy IHS Inc. 
Iraq’s oil regions could soon win clearance to make deals with foreign oil companies, if the country’s politicians and foreign experts hammer out a deal in the United Arab Emirates on Wednesday. 
Production Enhancement Group, Inc. has signed a contract establishing a joint venture with Al Qahtani Maritime & Oil Field Services Co. The joint venture company, named Abdul Hadi Al Qahtani WISE Co., Ltd., will market PEG’s patented WISE multifunction coil tubing technology on an exclusive basis in the Middle East, beginning in Saudi Arabia with future expansion opportunities throughout the region. All sales, operations, and support will be conducted under PEG’s trademarked WISE brand name. 
Saudi Aramco recently signed a contract with construction contractor Stroytransgaz (Saudi Arabia) to begin construction on the new SHABAB-2 Pipeline Capacity Expansion Project. 
Oilfield services giant Halliburton is no longer working in Iran after finishing up all contracted work in the beleagured Middle Eastern cleritocracy, the company announced after the Easter break Monday. 
Maritime Industrial Services Co. Ltd. has been asked to build a third jack-up drill rig in short succession by a joint venture of three financial groups, it was understood Tuesday. 
Petrofac, the international oil & gas facilities service provider, has today assumed full operational responsibility for well and facilities management of Dubai’s offshore oil and gas assets on behalf of Dubai Petroleum Establishment (DPE), an entity wholly owned by the government of Dubai. 
TransGlobe Energy Corporation announces that An Nagyah #24, which commenced drilling February 25 2007, reached a total measured depth of 2,050 meters and was completed as a producing oil well after flowing at an initial rate of 2,252 barrels of light (43 degree API) oil per day and 0.6 million cubic feet of gas per day at a flowing pressure of 400 psi on a 48/64 inch choke. 
Independent oil company Gulfsands Petroleum revealed Wednesday that some 47 metres of net pay have been encountered in the shallower segments of a well in Syrya scheduled to go plumb much deeper into Jurassic and Triassic rock. 
High Arctic Energy Services Trust has been awarded a five-year contract with Kuwait Oil Company (KOC), the country's national oil company, to provide services for workover operations. 
Canada-based Verenex Energy Inc. provides the following update on its drilling and testing operations in Libya. |
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