Minister of Petroleum and Mineral Resources, Tarek El Molla, witnessed the signing of cooperation Memorandum of Understanding (MoU), between Schlumberger, and the Engineering for petroleum and process industries (Enppi), the ministry announced in a press release.

The MoU aims at developing joint potentials in executing projects of exploration and production (E&P), as well as pipelines.

Enppi’s Chairman, Ashraf Bahaa, and Schlumberger’s Egypt & East Mediterranean Managing Director, Karim Badawi, signed the MoU.

The MoU touches cooperation in developing and modernizing the oil and gas facilities in and out of Egypt, Bahaa noted.

Moreover, it involves securing business opportunities and exchanging experience, as well as other available opportunities to cover the needs of oil, gas, and water projects in Egypt and abroad, Bahaa added.

Before the signing, El Molla held talks with the two energy leaders, as well as a delegation from Schlumberger that included President Middle East & North Africa at Schlumberger, Tarek Rizk.

The meeting discussed areas of cooperation between the oil and gas sector and Schlumberger, one of the best providers of digital solutions and modern technologies in the oil and gas industry globally, in addition to its role as a major contributor to plans for developing fields, improving production and training human cadres.

The meeting further discussed developing cooperation areas and formulating new partnerships between Schlumberger and the oil and gas sector’s companies.