Egyptian Minister of Petroleum, Tarek El Molla, has met with senior Halliburton representatives to discuss the company’s drilling, and exploration and production (E&P) activities, Egypt Oil & Gas reports.
Executive Vice President of Global Business Lines at Halliburton, Eric Carre, and Halliburton’s Egypt and Libya area manager, Osama Abdel Halim, represented Halliburton in the meeting.
El Molla was keen to ensure that the company would continue its production from brownfield sites, which requires further investment and the application of new technologies.
The minister and his guests tackled the operational status of the project, which aims to create an Egyptian electronic gate for the marketing of petroleum E&P areas. This is in light of the agreement signed with Halliburton to benefit from the international specialized expertise in the field of databases and the marketing of concessions tendered internationally.
El Molla also elaborated on the launch of two international bid rounds by the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) for E&P in 27 concessions. The new tenders come in light of the ministry’s strategy to intensify E&P activities.