Minister of Petroleum and Mineral Resources Karim Badawi has unveiled plans for establishing a consulting committee dedicated to enhancing oil field productivity and implementing scientific, efficient, and safe reservoir management strategies to ensure long-term sustainability.

Committee members include exploration and production executives and seasoned industry veterans with distinguished experience in the oil and gas sector.

This came in an expanded meeting that brought together the chairmen and deputy chairmen responsible for agreements, exploration, and production from the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and Ganope, alongside the Ministry’s Undersecretaries for the same areas and the Central Department for the Minister’s Office.

Badawi emphasized the critical need to boost production rates, highlighting the importance of human capital, innovative thinking, and advanced technology.

The program aims to enhance investment attraction by implementing new policies and creating lucrative opportunities. This involves maximizing the sector’s potential, bridging the production-consumption gap through intensified exploration, and encouraging partners to invest in discoveries and sustain supply.

The minister pointed out the value of on-site visits to interact with workers, as well as the importance of meetings with leaders of both Egyptian and international oil companies and industry partners.

Badawi confirmed that the Ministry of Petroleum and Mineral Resources’ (MoPMR) plan, presented to the parliamentary committee reviewing the new government’s agenda, is currently being implemented.

The minister highlighted the work plan’s focus on continuously enhancing the skills and capabilities of the petroleum sector’s workforce.