Features / Industry Insights

The Decommissioning Of Oil and Gas Fields in Egypt: Legal Aspects

The oil and sector does not concentrate only on exploration and production (E&P) activities, but also post-E&P activities. Decommissioning of oil and gas fields means the activities related to the abandonment of petroleum production wells and the removal of onshore and offshore installations. Decommissioning is considered a non-profit activity, yet it inevitably needs to be performed by the concessionaire, either international oil companies (IOCs) or national oil companies (NOCs).

The Fishbone Technology: To Use or Not to Use?

The fishbone technology was pioneered by Shell, where it was tested in the Western Desert. But now that Shell is selling its Western Desert assets, should the fishbone technology stand the test of time and be leveraged by other operators?

Preventative Maintenance in The E&P Sector in Egypt

While maintenance is a topic heavily discussed in the oil and gas field, it is important to distinguish between the different types of maintenance. In the oil and gas field, there are three main types of maintenance that could be applied in exploration and production (E&P) activities: reactive maintenance, predictive maintenance, and preventative maintenance.

Lack of Safety Driving Takes A Big Toll on Oil and Gas Workers

Last month, the Egyptian oil and gas sector was deeply shaken by a tragic incident that took the lives of four oil workers. The accident occurred when a vehicle carrying the workers hit an oil rig at the drilling site, leaving four dead and two others injured. This was not the first time that road safety was subject to skepticism in the oil and gas sector. Unfortunately, it might not be the last, either.

Drilling Waste Management: An Indicator for Advanced HSE Standards

Oil and gas exploration and production (E&P) activities consist of many elements including numerous investors, complicated techniques, different work categories and procedures, grade separation, and continuous operations. These elements may lead to many risks, including spills, blowouts, pollution, discharged effluents by daily drilling operations, well treatment chemicals, etc. If effective strategic measures to minimize these risks are not implemented, severe accidents may occur with a negative impact on the workers’ safety and health as well as harming the environment. For this reason, risk management is crucial to ensure that adequate measures are taken to protect workers via the implementation of Health, Safety, and Environment (HSE) standards.

Marine Life Protection in the Oil and Gas Field

To begin with, the oil and gas sector is known to have some of the most prominent and paramount projects that are often located offshore. It is important to note that Egypt is home to some of the largest oil and gas projects in the region. In fact, Egypt aims to become the regional natural gas hub in the coming years.

Oil & Gas Field Meets Renewable Energy: A Comparison of Regulatory Frameworks

The oil and gas sector in Egypt has come a long way over the past century, due to the country’s advantageous geographical location, its well-developed infrastructure, as well as its potential for new resource discoveries. While there are various laws, agreements and regulatory frameworks to ensure that all attained resources are protected and used in a social, economic and political way, there remain some minor details that could be improved over the long run.

Eradicating Arrears and Establishing Mergers and Acquisitions

For a long time, the government’s temporary inability to pay all its dues to foreign companies has directly affected business transactions in Egypt. Mergers and Acquisitions (M&A) transactions were inevitably afflicted by these delays, too. However, as the government endeavors in reducing its arrears to International Oil Companies (IOCs), M&As are availing themselves of this opportunity.

IPOs as a Catalyst for Investments in the Petroleum Sector

A number of leading petroleum sector companies are at the center stage of the government's Initial Public Offering (IPO) program. Market experts believe the IPO program will revitalize the Egyptian Exchange (EGX) by introducing new companies to the market, raising market capitalization, and allowing a better financing option to more successful companies.

An East Med Center of Excellence in the Making?

As energy ministers from the East Med Seven come together, a plethora of new developments in the region is on the horizon. Country members have set up the East Mediterranean Gas Forum (EMGF) as a platform to manifest their strengths. The forum has been gaining momentum, so much so that countries outside the region have stated their interest to join. Can the EMGF possibly take a step further to leverage all interested parties’ resources and establish an East Med Center of Excellence (CoE)?

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