The Minister of Petroleum and Mineral Resources, Tarek El Molla, met the Norwegian Ambassador to Egypt, Lene Natasha Lind, to discuss possible cooperation in the oil and gas sector, according to a press release.
El Molla deliberated the system implemented and the procedures taken to achieve unprecedented results in the oil and gas sector. Additionally, the minister pointed out the increasing interest of the international oil companies (IOCs) to pump more investments in the Egyptian sector.
Moreover, the minister highlighted the promising areas of exploration and production (E&P) in the Western Mediterranean and Red Sea, in addition to the marine areas of the member countries of the East Mediterranean Gas Forum (EMGF) that have high natural gas potential.
Additionally, El Molla reviewed the Modernization Project and its efforts to train and develop the sector’s calibers to be successful leaders in the future. For her part, Lind expressed her interest in participating in this regard.
The Norwegian ambassador mentioned the previous contribution of the Norwegian PGS in the 2D seismic project, as well as data processing and marketing for the Egyptian Natural Gas Holding Company (EGAS).
Furthermore, Lind mentioned that the Norwegian companies, such as Equinor ASA, are keen to work in Egypt’s promising areas using its advanced technologies and human expertise.
Lind invited El Molla to attend the international conference and exhibition that will be held in Norway in August 2020.