Gulfsands (114)

09-03-2011
10-01-2011

Gulfsands Petroleum has announced that its latest drilling operations had yielded positive results with the Twaiba well potentially yielding up to 9 million barrels of reserves.

16-12-2010
Thirteen companies, including seven already present in Syria, have forwarded bids to explore eight oil blocks in Syria, according to the Ministry of Petroleum.
15-11-2010
Gulfsands Petroleum has announced that Saipem S.p.A. will build the Central Processing Facility to be installed at the Khurbet East oil field on Block 26.
13-09-2010
Gulfsands has announced that it had relinquished 25 percent of its exploration licence for Block 26 after an agreement with the General Petroleum Corporation.
02-08-2010

Syria's average production of crude oil increased by around 3 percent in the first half of this year as new joint venture companies begun production.

 

01-08-2010
Gulfsands Petroleum has announced that the gross oil production in its Syrian fields has increased to approximately 20,000 barrels of oil per day during the month of July.
10-05-2010

Oil India Limited and Indian Oil Corporation Limited have announced that they had withdrawn their bid for a purchase of Gulfsands, the UK-based independent oil company with assets in Syria.

03-05-2010

Gulfsands has announced that it had begun production at the Youssefieh field at a rate of 1,200 barrels of oil per day.

03-05-2010
Syria's average production of crude oil reached 382,269 barrels per day (bpd) in the first quarter of 2010, according to the Ministry of Petroleum.
05-04-2010
Gulfsands Petroleum has reported a 31 percent increase in its reserves as at the end of 2009, as the UK firm is attracting strong interest from potential investors.
22-03-2010
Gulfsands Petroleum, the UK-based independent oil company whose main assets are located in Block 26, northeast of Syria, has confirmed that it has received a takeover bid and that it had rejected it.
22-02-2010
Gulfsands Petroleum has plugged and abandoned explorations at Zaman-1 well, after only a small non-commercial quantity of oil was encountered.
31-01-2010
Gulfsands Petroleum has announced that it was granted permission to develop the Youssefieh Oil Field in Block 26, north east Syria.
18-01-2010
In spite of financial difficulties at INA Petroleum, one of its clients, Petrofac is expected to deliver two gas treatment plants in Syria before the end of the year.
16-11-2009

Tatneft, a Russian oil company, is planning to start production of some 5,000 barrels of oil per day from its fields located in eastern Syria.

 

28-09-2009

Gulfsands is to issue shortly the tender for the design, construction and installation of a processing facility to serve the Khurbet East and Yousefieh fields with a capacity of 50,000 barrels of fluid per day.

31-08-2009
After showing interest in Emerald Energy, which holds a 50 percent stake in one of Syria’s fastest growing oil fields, Sinochem, a state-owned Chinese company is now looking to buy Gulfsands Petroleum, according to British press reports.
24-08-2009

Sinochem, a state-owned Chinese enterprise, is purchasing Emerald Energy, a company that holds 50 percent of the rights over Block 26, northeast of Syria, for an estimated value of USD 878 million.

10-08-2009
Gulfsands Petroleum has announced the completion of the expansion of the processing capacity at the Khurbet East Early Production Facility (EPF).
03-08-2009
Syria's average production of crude oil declined to 376,852 barrels per day (bpd) in the first half of 2009, according to the Ministry of Petroleum.
13-07-2009
Emerald Energy has announced that it received an offer for the cash purchase of its entire issued share capital.
08-06-2009
Gulfsands Petroleum targets to reach a gross production of 16,000 barrels of oil per day in its Khurbet east field at the end of this year and 30,000 bpd at the end of the first quarter of 2011, according to the company.
10-05-2009

IPR Mediterranean Exploration Ltd has announced that it made an oil discovery in a well spud in Block 24.

10-05-2009

Syria's average production of crude oil stood at 379,049 barrels per day (bpd) in the first quarter of 2009, according to the Ministry of Petroleum.

03-05-2009

Gulfsands Petroleum has announced the results of a reserves updates for the Khurbet East and Yousefieh Fields in Block 26.

26-04-2009

Gulfsands Petroleum has announced that oil was found in a new well drilled in the Khurbet east Field.

15-03-2009

Gulfsands Petroleum has announced that according to preliminary estimates following drilling at the Yousefieh 2 well, oil in place was at least at 27.2 million barrels.

28-02-2009

Production at the Khurbet East Field is averaging 10,500 barrels per day according to a statement from the operator of the field, Gulfsands Petroleum.

15-12-2008

Syria's average production of crude oil stood at 379,494 barrels per day (bpd) in the first three quarters of this year, according to the Ministry of Oil.

06-10-2008

Gulfsands Petroleum has announced that it had started drilling a new well in Block 26.

15-09-2008

Gulfsands Petroleum has announced that production at its Khurbet East field had reached in excess of 11,500 bpd.

07-07-2008

Gulfsands Petroleum has completed the construction and installation of an Early Production Facility for its Khurbet East field, according to a press release from the company.

09-06-2008
Al Mashrek Fund has announced a huge increase in both profits and assets in 2007.
05-05-2008

Gulfsands Petroleum has announced that two of its key executives, including Chief Executive John Dorrier, were resigning from the board and that it was relocating its principal office to London.

03-03-2008

Syria will start importing light crude oil in 2009, according to Omar Al-Hamad, Director-General of the Syrian Petroleum Company (SPC).

25-02-2008

The US Treasury has announced that it was taking sanctions against Rami Makhlouf, Syria’s most important businessman and a maternal cousin to the President.

10-02-2008

Gulfsands Petroleum will start production at its Khurbet East field in the last quarter of this year at a rate of 10,000 barrels of oil a day.

14-01-2008

Gulfsands Energy has announced that it had successfully completed the drilling, logging and testing of the Khurbet East-3 field.

19-11-2007

Crosco Integrated Drilling & Well Services Co., Ltd. has announced that it would mobilize its Crosco 1500 HP drilling rig Emsco 401 to provide drilling services for the Syrian operations of Gulfsands under a 2 year contract.

08-10-2007

Gulfsands Petroleum has announced that it has entered into a strategic partnership with Cham Holding to develop together oil and gas projects in Syria and potentially Iraq.

27-08-2007

A joint-venture of two Indian companies has bid for exploration rights on Block 14.

16-07-2007

Gulfsands Energy has announced that it will extend exploration works in Block 26 after the end of the initial phase of its production sharing contract (PSC).

09-07-2007

The U.S. Securities and Exchange Commission (SEC) issued on July 2 a list of international firms active in state sponsors of terrorism, including Syria.

02-07-2007

Rami Makhlouf and Nizar Assaad, two of Syria’s most prominent businessmen, are investing together USD 23.2 million in an independent UK-based oil company with operations in Syria.

04-06-2007

Gulfsands Petroleum has announced that drilling and initial testing operations on the Khurbet East well had encountered four significant hydrocarbon bearing reservoirs.

28-05-2007

Crosco has announced that it had signed an extension to its contract with Gulfsands Petroleum for drilling services

14-05-2007

The Ministry of Oil has invited international oil companies to bid for the exploration of four offshore blocks. This is the first time Syria offers offshore areas for exploration

02-04-2007

Gulfsands announced that initial results on the drilling works taking place in the Khurbet East well in Block 26 had shown the presence of hydrocarbon

19-02-2007

Results from drilling at Tigris-1 well have been inconclusive and have led to a disagreement on the commercial prospects among the two partners in Block 26