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.
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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.
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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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