Edison grows its Egypt’s gas portfolio
January 2009
Issue 25
24 pages
Flow rate high at Suez Gemsa
K-Dow deal still on track
Britain-based Circle Oil and Premier Oil have struck oil and natural gas in their onshore North West Gemsa Concession in Egypt
The Kuwait Petroleum Corporation (KPC) denied any plan to liquidate any investment assets in order to finance the K-Dow deal
page 4
page 8
Chaos over Egypt’s oil and gas reserves ........ page 2
Rig production to increase in 2009
Gangs of Somali pirates!
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p18
Next-generation Developments in Logging Technologies ........ page 20
Statistics ........ page 22
Optimism despite the economic collapse Despite worries and anxieties dominating the rig market and postulations of how far would the global economic crisis affect the industry, most of the key petroleum players have kept their 2009 plans unaltered; believing that it will not be as worse as analysts assume and opting for the relief to come soon Continued on page 12
Decline in OPEC’s power
p19
LAST MONTH’S OIL PRICES