The Minister of Petroleum and Mineral Resources, Tarek El Molla, stressed during the Cairo International Communication and Technology Conference (Cairo ICT 2019), inaugurated by President Abdel Fattah El-Sisi under the slogan “Digitizing Egypt” on December 2, that the ministry is interested in digital transformation, according to Ennpi.
This was said in the “Digital Transformation in the Oil and Gas Industry” symposium, in the presence of Abed Ezz Al-Regal, Egyptian General Petroleum Corporation (EGPC)’s CEO; Ashraf Bahaa, Enppi Chairman and CEO; Karim Badawi, Managing Director Egypt & East Mediterranean Schlumberger; and Hoda Mansour, Managing Director SAP Egypt.
El Molla added that digital transformation will attract international oil companies (IOCs), especially in the areas which face challenges and require large investments and advanced technologies.
El Molla also highlighted the importance of Egypt’s E-Gate project to market the Petroleum areas and exploration, which is in line with the global trend supporting digital transformation as well as introducing the investment opportunities to IOCs to search for oil and develop it.
The minister said that the sector’s development and Modernization Project are based on a vision which aims to improve operations and productivity through utilizing and analyzing data and modern technologies.
Ashraf Bahaa, Enppi Chairman & CEO, mentioned Enppi’s role in the field of digital transformation, referring to projects such as the Asset Integrity Management project, ATG project, and the linear programming project for refineries.
He added that such projects require continuous development to keep pace with international companies whether in the engineering, administrative, or financial aspects, which improves Enppi’s potential to support the sector.