Latest News Releases

September 1, 2012

Gemsa and Zaafarana Upcoming Workover Campaign

February 18, 2012

The 7th International Strawberry Symposium, Beijing, China

February 8, 2012

Welcome to the World of Fresh Produce

February 6, 2012

Successful Workover of Well A-4 in Zaafarana Field

January 1, 2012

Flora Egypt 2012

Operations in Zaafarana

May 1, 2012

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PICO International Petroleum (PIP) has operated the Zaafarana Concession since 1999 when it acquired 60% of BG’s 50% share, to hold a 30% Working Interest (“WI”) in the Concession. Since it took over operations at the Concession, PIP has successfully arrested the field production decline trend and maintained production at a plateau rate of 7,000 to 8,000bopd. Zaafarana Field production commenced via a 15-slotwellhead platform connected to the FPSO vessel moored 750 meters away. This FPSO is the only FPSO in the Gulf of Suez and wider Middle East.