During the presence of Chilean authorities at COP27 held in Sharm El Sheikh, Egypt, Diego Pardow, Chilean Minister of Energy, with the Ambassador of Chile in Egypt, Roberto Ebert, visited ENAP Sipetrol Egypt branch’s premises. A meeting was held with ENAP Sipetrol Egypt General Manager, Denisse Abudinén Butto.
In the meeting, Abudinen highlighted the achievements and good financial results of ENAP Sipetrol, the international subsidiary of ENAP, which carries out Exploration & Production activities in Argentina, Ecuador and Egypt.
Moreover, it has been noted that ENAP Sipetrol Egypt has been active in the exploration and production of hydrocarbons over the past 24 years. Currently, ENAP Sipetrol Egypt is operating the East Ras Qattara (ERQ) Concession located in the Western Desert with a working interest of 50.5% and the West Amer block in the Eastern Desert with a working interest of 100%. ENAP Sipetrol Egypt has invested a total of 521 million dollars since inception in capital and operating expenditures.
Pardow expressed the Chilean government’s appreciation and full support of ENAP Sipetrol and highlighted his recognition of ENAP Sipetrol Egypt’s successful investments and results.
Abudinen stated, “We are very proud with our journey of becoming one of the players in the Egyptian oil and gas sector, with a strategy focusing on the aggregation of value through maximizing production and reserves in a challenging dynamic and highly competitive environment. Our Strategic Plan for the branch is to expand the company portfolio in Egypt due to the good results that the company has achieved.”