A technical workshop titled “New Technologies for Discovering New Fields” was held for the first time in New Alamein City over three days, under the patronage of the Ministry of Petroleum and Mineral Resources (MoPMR).
It was organized by Society of Exploration Geophysicists (SEG) in cooperation with Egyptian Natural Gas Holding Company (EGAS).
The workshop was attended by several petroleum officials and chairmen of international companies in addition to 130 experts in the oil and gas exploration and production (E&P) industry from 40 international companies in eight different countries to discuss topics related to exploration activities in the Mediterranean.
During his speech to the event, Minister of Petroleum and Mineral Resources Tarek El Molla affirmed the necessity of continuous dialogue around exploiting the exploration potentials in Egypt through the specialized technical workshops, especially after the success of the two workshops held for promoting exploration in the Red Sea.
This led to the most possible utilization of exchanging technical ideas and using latest technologies to increase the rate of successful exploration drilling, El Molla added.
Additionally, the Undersecretary for Agreements and Exploration Samir Raslan said, on behalf of the minister, that the E&P sector has witnessed great developments along the past few years which attracted new major international oil companies (IOCs) to operate in Egypt besides the existing ones leading to increase the production rates.
He noted that the next phase will witness continuous intensification of exploration activities aiming to increase the reserves and production rates of oil and gas. Raslan added that the petroleum sector plans to offer two international bid rounds during the current year besides the two bid rounds that have already been offered for oil and gas exploration in the Mediterranean, Nile Delta, Suez Canal and Eastern Desert through Egypt Upstream Gateway (EUG).