Development well Al Jahraa-9 which was spudded-in on June 10th, 2017 with primary target in deeper AR-C, and reached TD on July 24th, 2017 at 4,152 m MD in the Kharita formation, has encountered water in AR-C sand formation, however exhibited deepest known oil shows in the AR0D and AR-E formations. Well was completed on August 19th, 2017 as injector [...]

Exploratory well Al Jahraa SE-2X, situated on the recently awarded Abu Sennan-5 (Al Jahraa South East) Development Lease, which was spudded-in on April 25th, 2017 was found dry at primary target at AR-C. Well was sidetracked on May 25th, 2017 in the 8½” hole towards the North Direction was completed on July 4th, 2017 as AR-E producer and successfully put [...]

At the magical tunes of Omar Khayrat, on a mystical evening by the glorious pyramids of Giza and the legendary Sphynx, the EGYPS 2017 Gala Dinner was organized by Kuwait Energy (a recent partner of GlobalConnect). The event was attended by His Excellency minister of Petroleum and Mineral Resources Eng. Tarek El-Molla, Her Excellency Minister of International Cooperation Dr. [...]

On December 15th, 2016, GlobalConnect and Kuwait Energy signed farm-out agreement (FOA) allowing GlobalConnect to acquire 25% Participating Interest (PI) in the Abu Sennan Concession of Egypt Western Desert (out of the 50% PI held by Kuwait Energy at time of FOA). As a result, and as of December 31st, 2016; Kuwait Energy will remain with 25% PI and shall [...]

During an international conference in New York, USA on September 26th, 2015, GlobalConnect met with His Excellency President of Egypt Mr. Abdel Fattah El-Sisi. GlobalConnect was overwhelmed by the Egyptian economy growth potential at the time, which led GlobalConnect into targeting Egypt as top jurisdiction to land its first opportunity of investment. Only a little over a year later GlobalConnect [...]