The National Oil Production Company (NOPC) is a Cairo-based upstream Oil and Gas Exploration and Production company. In September 2007, NOPC acquired 100% of Canada’s Calgary-based Rally Energy for US$ 868 million. Rally had a 100% operating interest in the Issaran heavy oil field, an onshore asset in the Gulf of Suez. Rally also holds a 30% stake in the Safed Koh block in Pakistan’s Punjab Province, where it is participating in the development of a natural gas discovery. The shareholders of NOPC have invested over US$ 810 million of shareholder equity and loans, plus over US$ 545 million of bank debt, for a total cash investment of over US$ 1.35 billion over the course of what is now a five-year oil production development project.
View Top Employees from Rally Energy Corp.Website | http://www.qalaaholdings.com/ |
Employees | 35 (28 on RocketReach) |
Founded | 1998 |
Industry | Oil and Gas, Oil Exploration & Production |
Web Rank | 3 Million |
Keywords | Qalaa Holdings, شركة القلعة للاستشارات المالية, Egyptian Refining Company, محطات وقود طاقة, منح مؤسسة القلعة ماجيستير |
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28 people are employed at Rally Energy Corp..