Tuesday 19/November/2024 – 07:41 PM
He met with Engineer Karim Badawy, Minister petroleum And Mineral Resources, with a delegation from IBR, headed by Dr. Mahmoud Dabbous, the company’s president, to discuss the company’s business position and activities in its concession areas in the Western Desert and the Gulf of Suez and its plans to increase oil and gas production rates and develop obsolete fields.
Research and exploration activities
During the meeting, Engineer Karim Badawy explained that ways for the company to expand its research and exploration activities were discussed through the global tender that was launched this year, which includes 12 new areas in the Mediterranean Sea and the Nile Delta, in addition to discussing ways for the company to benefit from a group of additional investment opportunities that It was announced in the field of research, exploration and field development in open areas through the Egypt Exploration and Production Digital Portal (EUG).
During the meeting, Dr. Mahmoud Dabbous reviewed the company’s work position in drilling and development programs in its concession areas in Abu Rawash, Beni Suef and Fayoum, by applying modern technical methods to increase the size of petroleum reserves and production rates. He also reviewed projects to reduce emissions and use gas as an alternative to diesel and diesel in electricity generators, which contributes to In reducing and improving production costs.
The meeting was attended by Engineer Ihab Rajai, First Undersecretary of the Ministry of Petroleum for Production, Engineer Moataz Atef, Head of the Central Administration of the Technical Office and the Office of the Minister of Petroleum and Mineral Resources and the official spokesman for the Ministry, and Dr. Mohamed Radwan, Director of the Egypt Digital Portal for Exploration and Production.
