The Egyptian Ministry of Petroleum and Mineral Resources has signed two agreements with Halliburton on the sidelines of the Mediterranean Offshore Conference and Exhibition 2018 (MOC 2018), Egypt Oil & Gas reports.
The deals were inked by the Ministry of Petroleum’s First Undersecretary for Agreements and Discoveries Ashraf Farag and Halliburton’s Egypt and Libya area manager, Osama Abdel Halim.
The agreement took place on April 17th during the first day of MOC 2018 in Alexandria, an annual conference organized by the Ministry of Petroleum to discuss issues related to eastern Mediterranean oil and gas.
The two agreements aim to complete the Egyptian electronic gate for marketing oil and gas exploration and production (E&P) concession areas. The agreements follow a memorandum of understanding (MoU) signed in February 2018 with CGG and Schlumberger in order to increase the competition in the sector and harness the global expertise of these specialized companies more effectively.