Egypt’s state oil firm EGPC this week awarded four well-worked blocks onshore and in the Gulf of Suez. But out of the winners, Dragon Oil, the upstream subsidiary of Dubai state firm Enoc, is the only one with anything approaching name-recognition, or indeed existing Egypt output.
Dragon, which produced 57,000 b/d for 2023-24 from the ‘Gupco’ Gulf of Suez blocks it purchased from BP in 2019 (MEES, 7 June 2019), was awarded the East El-Hamd block which adjoins its current acreage (see map). (CONTINUED - 274 WORDS)
