The Ministry of Petroleum and Mineral Resources, in collaboration with Schlumberger, has launched Egypt Upstream Gateway (EUG), the first exploration and production (E&P) digital data center.

Gulf of Suez Petroleum Company’s (GUPCO) daily production has averaged around 57,000 barrels (bbl) during fiscal year (FY) 2019/20, and managed 20% in cost reduction per barrel last June.

Eni announced the discovery of new resources in the Abu Rudeis Sidri development lease in the Gulf of Suez, where Petrobel, equally held by Eni and the Egyptian General Petroleum Corporation (EGPC), drilled an appraisal well of the discovery of Sidri South last July.