Minister of Petroleum Tarek El Molla inaugurated a workshop on November 19 organized by Ganoub El Wadi Petroleum Company (Ganope) on the oil and gas exploration and production (E&P) in the Red Sea, Egypt Oil & Gas reports.
The workshop was held by Ganope, in cooperation with Schlumberger and the Exploration Geophysics Society.
Ganope’s workshop included 10 sessions, 35 pieces of research on sedimentary ponds and petroleum reservoirs in the Red Sea, and 130 Egyptian and international experts representing 10 countries, said Mohamed Abdel Azzim, head of Ganope.
The workshop was aimed at promoting E&P investment opportunities in the Red Sea, through discussing the geological and rock formations, as well as the petroleum reservoirs, Abdel Azzim pointed out.
During the workshop, El Molla pointed out that the Red Sea bid round will be opened before the end of 2018. The bid will be opened as Ganope and Schlumberger conducted 2D seismic survey on an over 10,000 km area in the territorial waters.
The minister previously noted that Egypt’s total domestic natural gas output amounts to 6.5 billion cubic feet per day (bcf/d), which helped the country achieve self sufficiency after linking four Mediterranean fields to the production map, namely Atoll,Zohr,North Alexandria, and Nooros with investments of $27 billion.