Ganoub El Wadi Petroleum Holding Company (Ganope) and TGS signed a contract extension agreement for their joint project to collect geophysical data in southern Egypt, according to a statement by the company.
The agreement was signed between Ganope’s Head, Mohamed Abdel Azim, and TGS’s VP, on the sidelines of the 10th Mediterranean Offshore Conference and Exhibition (MOC 2019), to start off the first phase of the project, which covers an area of 150,000 square kilometers.
Abdel Azim assured that the project will provide sufficient data on the geological structures and sedimentary basins in Upper Egypt, which contributes to putting these areas on the investment map and launching new international bid rounds there. He clarified that the project will utilize technologies applied for the first time in the Middle East and North Africa (MENA) and will be implemented during Q4 2019 and Q1 2020.
Ganope signed another cooperation agreement with Arab Academy for Science, Technology & Maritime Transport to enroll a number of the company’s employees to obtain a Master of Business Administration (MBA).
The agreement aims to prepare the middle-management leaders in the company with the necessary tools for management. This comes within the framework of the Modernization Project and under the Ministry of Petroleum and Mineral Resources’ supervision to prepare young calibers to take on leadership positions in the future.