The Faculty of Engineering at the British University in Egypt (BUE) discussed graduation projects by students of the Petroleum Engineering and Gas Technology department (PEGT), led by the use of nanotechnology in improving oil production.

Nanotechnology could help cut the cost of drilling by around $500,000 per well, one graduation project shows, as reported by Akhbar El Youm.

Nanotechnology improves precise characterization of reservoirs in innovative ways, as well as field design, development plans, and well control.

The discussion was attended by Abed Ezz El Regal, CEO of the Egyptian General Petroleum Corporation (EGPC).