Features / In Focus
Technology advancement, the engine for E&P
Despite the slight increase of oil prices, swinging at the $60 per barrel edge, after the dramatic fall down, service companies have modified their pricing strategy to cope with the current market conditions and ensure the spread of their technologies Safety is NEVER achieved by CHANCE!
Striving for revenues and production records and fulfilling corporate goals for high achievements should not be the sole concern to focus on. Each petroleum entity or corporation has several duties towards the environment and employees have rights to keep their health and safety intact. This can be summarized in three words Health, Safety and Environment(HSE) When the forgotten becomes the lead
When it was first produced, it did not have the value it has nowadays. It used to be burnt to get rid of, while now it has become a vital commodity; almost as valuable as oil. Natural gas has been targeted all over the world and Egypt, being classified as the second producer of gas in Africa, after Algeria, measures should be taken into consideration to better utilize and benefit from this gift Going offshore, sailing to the future!
Despite the distinguished production increases attained by the Ministry of Petroleum, exceeding expectations and scoring unprecedented achievements, the question raised, for how long will the Ministry be able to maintain the same rates of increase? By what means it can keep booming the production? Many experts that a production sustainability can be fulfilled through offshore investments; the real route to a prosperous future PICO 4 to foster the integrated service concept in Egypt
PICO '4', the world's largest and most technically advanced liftboat sets to change the mindset of workover in the GOS. Sherif Wadood, Managing Director of PICO Energy Holding, sheds light on how it would be of benefit to the market Field Development back on track!
When the wheel of new explorations slows down, costs become unaffordable, and new investments draw back, then it is time to get back to the old fields and turn on the engine of development. In the shadow of the current global economic crisis, initiating new E&P projects is no longer on the top of list set by the petroleum companies this year, therefore the most suitable alternative to keep an ongoing oil and gas production is summarized in two words; Field Development The Petroleum Masters Championship
The ongoing hunting race for oil production is never limited; the E&P wheel never stops and each operator is not only seeking the economic profit it can add to his treasury, but also he is competing for taking the lead as the top achiever of the year Optimism despite the economic collapse
Despite the status of worries and anxieties dominating the rig market and postulations of how far would the global economic crisis affect the industry, most of the key petroleum players have kept their 2009 plans unaltered; believing that it will not be as worse as analysts assume and opting for the relief to come soon 
