EL Waha Petroleum Co. (previously known as OWAPCO) successfully guaranteed EGPC approval to adopt the new financial budget to implement the development plan of the current fiscal year 2010-2011 in its acquisition in West Qarun.
RAK Petroleum has signed an agreement with the Ras Al Khaimah Gas Commission (Rakgas) to take a 100 per cent stake in the Saleh field offshore the Emirate of Ras Al Khaimah in exchange for 100,000,000 shares in RAK Education Company (EDRAK).
Exploration at the Jenein Centre-1 well in Tunisia has been suspended due to an unsuccessful completion attempt on the first formation tested.
ShaMaran petroleum Corporation has started drilling operations at the Atrush-1 exploration well in the Atrush Block, in the Kurdistan region of Iraq.
Sterling Energy PLC has provided an update on its activities in the Kurdistan region of Iraq.