DANA PETROLEUM HAS agreed to acquire a 50 per cent interest from BG International in the El Manzala Offshore Area Concession in the Mediterranean Sea, offshore Egypt. The transaction is subject to regulatory approvals.
BP, RWE DEA, and EGPC have signed an agreement for a nine billion dollar gas field development project in two West Nile Delta concessions offshore northern Egypt.
VICTORIA OIL & GAS is on track for December gas delivery from its Logbaba gas project in Cameroon and had signed gas sales pacts for 20 years.
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