Minister of Petroleum and Mineral Resources Tarek El Molla discussed with Gerald Schotman, Executive VP Upstream JVs at Royal Dutch Shell, new ways to intensify Exploration and Production (E&P) activities and drive more investments, Egypt Oil & Gas reports.
The meeting was held on the sidelines of the 24th World Energy Congress in Abu Dhabi, focusing on enhancing bilateral cooperation between the two parties and attracting more investment opportunities in various petroleum activities.
Schotman confirmed the company’s keenness to intensify Research and Development (R&D), as well as E&P activities in the oil and gas sector in Egypt.
Schotman added that the Egyptian market is promising and that Shell has managed during its long history in Egypt to carry out a number of great E&P achievements in the petroleum sector. The company seeks to strengthen Egypt’s position on the global energy map to become a regional energy hub.
He noted that Shell’s global strategy is strongly focused on achieving mutual benefits to the communities in which it operates and hence the company is continuously reviewing its strategy to ensure focus on important sectors and regions and achieve the target of the company along with the government.