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The Egyptian Ministry of Petroleum and Schlumberger announced the Egypt Upstream Gateway, a national project for the digitalization of subsurface information. The platform also will enable global access to the country's subsurface data, which is kept current by enhancing legacy data sets through reprocessing and new studies. Egypt's minister of petroleum and mineral resources, Tarek El-Molla, said the project will be used to unlock the potential of Egypt's petroleum sector and promote the country's exploration and production potential worldwide. "The Egypt Upstream Gateway will digitally promote Egypt's oil and gas bid rounds through seamless online access to the sector's data, as well as endorsing our exploration potential worldwide." Rajeev Sonthalia, Schlumberger's president for digital and integration, added, "With the launch of this industry-first platform, the Egyptian Ministry of Petroleum and its affiliates--EGPC, EGAS, GANOPE--can digitally showcase national assets to investors worldwide, in addition to leveraging the latest digital technology and solutions to accelerate discovery throughout the country."
- Government > Regional Government > Africa Government > Middle East Government > Egypt Government (1.00)
- Energy > Oil & Gas > Upstream (1.00)
He has worked for 23 years in the upstream and downstream oil and gas sectors in Tunisia, Egypt, and the UK. He joined the company in 1998 and has held a number of technical, engineering, operations, and management roles. Previously, he served as general manager and managing director of Rashpetco, a joint venture between BG Egypt, Petronas, and Edison. Kacem holds a degree in management from the Chartered Management Institute and a master's degree in mechanical engineering from the National Engineering School of Monastir in Tunisia.
- Africa > Middle East > Egypt (0.75)
- Africa > Middle East > Tunisia (0.64)
- Energy > Oil & Gas > Upstream (0.54)
- Government > Regional Government > Asia Government > Malaysia Government (0.34)
Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to sell its upstream assets in Egypt's Western Desert for a base consideration of $646 million. Additional payments of up to $280 million between 2021 and 2024 will be made contingent on the oil price and the results of further exploration. The transaction is subject to government and regulatory approvals and is expected to complete in the second half of 2021. The package of assets comprises Shell Egypt's interest in 13 onshore concessions and the company's share in Badr El-Din Petroleum Company. Shell will shift its exploration focus in Egypt offshore, which includes seven new blocks in the Nile Delta, West Mediterranean, and Red Sea.
- Asia > Middle East (1.00)
- Africa > Middle East > Egypt > Nile Delta (0.31)
The Atoll Phase One project in the East Nile Delta is flowing 350 MMcf/D of gas and 10,000 B/D of condensate to shore after starting up "7 months ahead of schedule and 33% below the initial cost estimate," operator BP reported. The $1-billion project in the North Damietta concession provides another heavy stream of gas for domestic use in Egypt following the 2017 production launches of the Eni-operated supergiant Zohr field and the BP-operated Taurus and Libra fields of the West Nile Delta development. BP has a 10% stake in the Shorouk concession containing Zohr, which is expected to flow 1 Bcf/D by midyear. The British supermajor operates the West Nile Delta project with an 82.75% interest in the project partnership. All three projects were fast tracked with reduced timeframes between sanction and startup.
- Africa > Middle East > Egypt > Nile Delta (1.00)
- Africa > Middle East > Egypt > Damietta Governorate > Damietta (0.26)
- Europe > Middle East > Cyprus > Mediterranean Sea > Block 7 > Calypso Field > Calypso 1 NFW Well (0.99)
- Europe > Middle East > Cyprus > Mediterranean Sea > Block 6 > Calypso Field > Calypso 1 NFW Well (0.99)
- Africa > Middle East > Egypt > Nile Delta > East Nile Delta > Nile Delta Basin > North Damietta Offshore Concession > Atoll Field (0.99)
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