The interest in application of Enhanced Oil Recovery (EOR) has globally increased, as most of mature oilfields cannot maintain their production unless EOR treatment is deployed. However, the currently implemented oil recovery phases in Egypt are mainly primary and secondary phases with limited applications of EOR techniques.
A paramount indicator of the health of the investment climate in Egypt’s hydrocarbon industry is the performance of industry bid rounds. The fluctuating level of interest, value of the deals, and so forth tell tales not only about the investment influx in the sector, but of the confidence in the government as well as the economic prospects of the industry.
As conventional oil fields are nearing maturity, market players have long shifted their focus towards maximizing the commercial viability of existing mature fields. Conventional brownfields account for around 65% of global oil production.
The market used to worry about peak oil supply. The focus has shifted to peak oil demand as the industry witnesses a structural decline in demand from the developed world, and questions the appetite of the emerging world to grow at the insatiable rates experienced over the past 15 years.
Cloud computing has been widely spread among companies due to its beneficial commercial use. The technology’s simple software system builds vast computer networks that secure data and enable new business opportunities.
Vessel inspection and corrosion-under-insulation (CUI) management for onshore, offshore, and subsea areas can be slow, costly, and dangerous. Non-destructive-testing (NDT) techniques are commonly used to carry out these inspections; however, although effective, these techniques are slow and require extensive preparation.
Two years after its discovery, Egypt’s mammoth natural gas field is set to begin production this fall, providing welcome relief to a country currently heavily dependent on gas imports. The exploitation of Zohr—and its neighboring fields of Aphrodite, Tamar, and Leviathan in Cyprus and Israel—opens new opportunities for Egypt.
The past two decades have witnessed a noteworthy expansion of the Egyptian natural gas market to the point where gas now accounts for more than half of the country’s energy needs, according to British Petroleum’s statistical review 2016.
Not only known for its antiquities and for being an agricultural provider, Egypt was once known for its natural gas exports. The North African Country was exporting around 30% of its natural gas production in 2009 in the form of liquefied natural gas (LNG), according to the Gas Exporting Countries Forum (GECF)’s Egypt country profile. However, growing local demand has turned Egypt into a gas importer after years of natural gas boom.
The Egyptian cabinet announced in June the cut of fuel subsidies as a move to reduce the country’s budget deficit. The increase in benzene and diesel prices following the cabinet’s decision led many citizens to look for natural gas as a cheaper alternative of fuel.
