Egypt, France Hold Important Oil, Gas Talks
The relations between Egypt and France are long, solid, and have witnessed great development and remarkable momentum in recent years.
The relations between Egypt and France are long, solid, and have witnessed great development and remarkable momentum in recent years.
Minister of Petroleum and Mineral Resources Tarek El Molla laid the foundation stone for a coking and diesel production facility at the Suez Refinery in the presence of senior officials.
The project will involve approximately 6,800 square kilometers. It will be acquired with long offsets and processed using a Pre-Stack Depth Migration (PSDM) workflow to enable sub salt imaging.
The draft agreements authorize The Egyptian General Petroleum Corporation (EGPC) and several international companies to conduct E&P activities in the Gulf of Suez and the Nile Delta.
The MoU was signed by, Sherif Bayoumy, Managing Director, Egypt & East Mediterranean GeoUnit at Schlumberger, and Denisse Abudinén Butto, CEO of ENAP Sipetrol and General Manager ENAP Sipetrol Egypt branch.
The meeting comes as a continuation of the discussions to follow up the executive procedures and the steps that have been taken to bring Egyptian natural gas to Lebanon.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
The production came in three weeks from announcing the initial well results.
The MSD-21 well is the first spud in a 12 well development campaign, fully funded, located on the Meseda and Rabul oil fields in Egypt's West Gharib concession, which is located in the Eastern Desert.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.