Inpector Capital Acquires Scimitar Production Egypt

Inpector Capital Acquires Scimitar Production Egypt
Oil industry well pumps, nodding donkey rig pumps crude oil up from the ground on an oil field in the desert. Bahrain, Middle East

Inpector Capital BV announced that it has acquired Scimitar Production Egypt Ltd in order to invest in the oil, gas and energy sectors in Egypt, Amwal Al Ghad reported.

The company further revealed that it has appointed Erik Vollebregt as Executive Chairman of Scimitar Production Egypt. Previously, Vollebregt had served as the Commercial and Finance Director of Shell Nigeria.

Inpector is well prepared  to conduct long term projects, Corné Melissen, the company’s spokesman said, underlining his full confidence in the new management team of Scimitar.

The company considers the acquisition of Scimitar as the first step towards new prolific investments, Melissen noted.

Scimitar is a private sector exploration and production (E&P) company operating in Egypt through Issaran concession, in which it owns 100% of its operation rights. The company’s current production rate has reached 2,200 barrels per day (b/d) of oil.

Sarah Samir 3292 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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