Minister of Petroleum and Mineral Resources Tarek El Molla has met with Randy Neely, CEO of Capricorn Energy, and Eleanor Rowley, Managing Director of Capricorn Energy Egypt.
The meeting discussed the company’s activities in Egypt during the past period and its future plans in its concession areas in the Western Desert, especially since there are promising oil possibilities for research in the deep layers that have achieved success for other companies in the region.
The meeting further reviewed production from unconventional sources of gas and shale oil using specialized technologies in this field.
Additionally, the meeting discussed water injection projects to increase pressure in reservoirs with the aim of increasing production.