The Egyptian General Petroleum Corporation (EGPC) is a state-owned, fully integrated oil and gas company headquartered in Egypt. The National Oil Company (NOC) is a shareholder in 41 Joint Venture companies that work on more than 5000 wells.
The oil and petroleum industry requires safe, robust, and reliable communications to support efficient day-to-day operations, enhance productivity, and to coordinate a fast and effective response to any emergency. Digital two-way radio solutions using intrinsically safe devices enable workers to communicate safely even in potentially explosive environments.
The future of digital oil field (DOF) enablement is expected to continue to grow and increase over the coming years to focus on next-level efforts for predictive maintenance and prevention and dynamic services engagements to avoid costly field operations events that degrade Return on Investments. The next era of DOF being further enabled with IoT/Edge, AI, 5G… is expected to cover not just field operations for internal employees, but all services providers from all internal and external companies.
Digital transformation is moving towards rapid adoption of emerging technologies reshaping operations in the oil and gas space. End users are using technology approaches to improve productivity, enhance efficiency, and improve profitability. It is estimated that digital transformation can save as much as $1 trillion in operational spend over a period of 5 years. Companies that are accelerating deployment have a distinct edge in a dynamic and highly competitive industry landscape. Here are a few things to consider while mapping out the Digital Transformation approach in the oil and gas operating space.
Monitoring multiple live rigs using multiple applications with data coming from multiple sources is an inherently complex and time-consuming process. This is compounded by the lack of vendor neutral real-time applications. Any mistakes made during this process can result in costly non-productive time
Over the past three years, Methanex Egypt, in cooperation with the United Nations' International Labor Organization (ILO), has been executing the joint partnership agreement to bring the full-scale of the ILO’s Decent Jobs for Egypt’s Young People (DJEP) project to Damietta where its methanol production plant is located, addressing one of Egypt’s most pressing challenges, that of youth unemployment and underemployment. The project aligns with the UN’s Sustainable Development Goals (SDGs) 2030 and Egypt’s Vision 2030, directly addressing SDG #8 on Decent Work.
Methanex Egypt announced on Sunday, 7th November 2021 the full and early settlement of all remaining debt on the EMethanex Joint Venture project financing facility on 30 September 2021.
As recently as three years ago, clean hydrogen energy was on the fringes of the energy-transition conversation – an outlier solution, at least for the short or medium term. Today, it is rapidly moving into the mainstream, and for many, it is essential to a net-zero energy future. As the world is heading for hydrogen, the route is uncertain and many questions remain.
In 2019, Methanex Egypt launched a new graduate training program, designed to enrich the pipeline of talent available to Egypt’s oil & gas and petrochemicals sector -through a three-year intensive training program with the country’s only methanol production company, through its state-of-the-art facility that is considered among the most energy efficient methanol plants in the world.
In 2019, Methanex Egypt launched a new graduate training program, designed to enrich the pipeline of talent available to Egypt’s oil & gas and petrochemicals sector - through a three-year intensive training program with the country’s only methanol production company, through its state-of-the-art facility that is considered among the most energy efficient methanol plants in the world. The program is considered an exciting opportunity for candidates who are interested in building a career in the petrochemicals industry. It provides talents with an opportunity to work in a multicultural and high-performing environment enabling the leadership development and growth potential of fresh graduates and allowing them to develop technical, commercial, and interpersonal skills through on-the-job training, individual learning, and hands-on experience in multiple roles throughout the organization.
