Capricorn Energy plc today said that it aimed for a “substantially reduced headcount” in the United Kingdom allowing it to focus on its onshore oil assets in Egypt. REDUNDANCY PROCESS The news comes as the Edinburgh-based company’s new management starts a comprehensive strategic review of its business and the “several potential directions” for its future. […]
Tag: Western Desert – Egypt
United starts 2021 drill campaign with ASH-3 well
United Oil and Gas plc announced the start of its 2021 drilling campaign with the ASH-3 development oil well in the Abu Sennan licence in the Western Desert, Egypt. SCHEDULE Kuwait Energy Egypt began operations on 4 January at the licence in which United holds a 22% working interest. The hydrocarbon exploration, development and production […]