Kicking off to a vibrant start and coming right after COP29, the tenth Egypt Oil & Gas Convention (EOGC 2024) created waves this year, hosting a wide a variety of speeches, panel discussions and workshops, all of which focus on several key themes, mainly operational efficiency, exploration, investment, boosting cooperation, and HSE.

Made to be an incubator for new ideas and a platform for exploring industry potential, the Founder and CEO of the event’s organizer Egypt Oil & Gas Group Mohamed Fouad highlighted the importance of cooperation and communication both within the nation’s sector and beyond. “In a dynamic industry, such as ours, sharing knowledge, exchanging ideas, and promoting transparency are essential for fostering sustainable development.”

Honoring the opening ceremony was Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, who during his opening remarks vowed to ramp up production. “The focus on production is our number one priority and the focus on exploration is very important to us. I would also like to recognize that it does not mean that production has to be at the expense of proper reservoir management. They both go hand in hand.”

During the opening, Greg McDaniel, Egypt Oil & Gas Committee Chairman, Vice President, Egypt Assets and Country Manager of Apache Corporation in Egypt, also said, “Our task force leaders are diligently preparing comprehensive plans for their activities in the next year, focusing on actionable strategies and measurable outcomes to ensure that we meet our goals when delivering a value to all of our stakeholders.”

Live Interview

EOGC 2024 witnessed a live interview between the Founder and CEO of Egypt Oil & Gas Group Mohamed Fouad and Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi. Since this is first time attending the convention as Egypt’s new petroleum minister, Badawi outlined his vision for the future of the sector saying, “My short-term targets are very easy. I want to make sure all our partners are paid monthly dues. I want to ensure that we are taking active collaborative steps to increase production and unlock the potential for production; and, hence, enhance exploration.”

During this engagement, the minister engaged in a range of other issues, stating “From a capital allocation perspective, I realize that any shareholder today would want to focus first on capital deployment, where there is lower risk, higher return, and also with a sustainable ability to also get their receivables addressed.”

Awards Ceremony

EOG took time during the convention to recognize many companies for their efforts and their merits on the field with the annual Operational Excellence Awards. Bapetco won the Operational Excellence Award, operational energy efficiency award for BAPETCO’s Green Leap, Enhancing Efficiency, Reducing Carbon; Rashpetco (Shell-JV) won the Outstanding and Impactful HSE Project Award for HSE Culture Harvest; Pharaonic Petroleum Company won the operational energy efficiency award for Operating a Single Medium Voltage Gas Generator instead of Two; Bapetco yet again won the operational energy efficiency award for BAPETCO’s Green Leap, Enhancing Efficiency, Reducing Carbon; Apache Corporation was awarded for Excellence in Brownfields Award for the Berenice Field during EOGC 10th edition; Pharaonic Petroleum Company also won the Operational Excellence in Brownfields Award for the Atoll Pipeline Intervention Sustaining Feed Gas Production to the Natural Gas Grid.

Brownfields White Paper Presentation

EOGC 2024 witnessed several interesting presentations given by three season industry professionals including Thomas Maher, President and CEO of Apex International Energy; Tamer Edrees, EGPC Vice Chairman for Production; and Osama ElShenoufy, North East Africa Sales Director Weatherford. All three presenters discussed approaches and ideas regarding the revival and optimum exploitation of Egypt’s brownfields. This particular topic has been an essential component of the Ministry’s strategy to unlock the hidden potential in these fields to ramp up production and thereby meet local market needs while reducing exports.