Gulf Oil and Gas accountACCOUNT

Egypt: Development of Unconventional Oil & Gas Resources

Source: 11/29/2015, Location: Africa

Share |
Eng. Tareq El Molla, Minister of Petroleum and Mineral Resources inaugurated the proceedings of the seminar organized by the Egyptian Petroleum Association entitled "Development of Unconventional Resources of Oil and Gas in Egypt" with the presence of Eng. Hasab Ennabi Asal, President of the Association , Accountant Hady Fahmy, Secretary General of the Association, Geo. Abu Bakr Ibrahim, Chairman of Ganope , Chris Fredd , Director of the technological integration center of unconventional resources at Schlumberger , Middle East , a number of former Petroleum Ministers and a group of experts and leaders of the oil and gas ,as well as those interested in the energy sector.

The Minister asserted in his speech that the Ministry plans to start the exploitation of unconventional resources of oil and gas effectively during the coming period, within the framework of the integrated strategy of the State to diversify its current energy mix in Egypt and the addition of new sources.

He pointed out the availability of attractive investment opportunities in this domain based upon the substantial potentials of Egypt to explore and produce unconventional oil and gas in the Western Desert, Upper Egypt, the Nile Delta and the Gulf of Suez regions.

He explained that the Ministry has started taking a number of measures to encourage investment in the exploitation unconventional oil and gas , along with strengthening the role of Egypt's competitive position in this domain by working to review the terms and conditions of the current agreements and amendment of gas prices produced from unconventional resources , in line with the used costs and technologies , pointing out that the main challenge in this domain is to extract economic and commercial quantities.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Unconventional Resources News in Egypt >>

Algeria >>  1/19/2018 - Cepsa, Sonatrach and Alnaft, the National Resources Development Agency of Algeria, have signed a new concession contract for the operation of the Rhou...
Algeria >>  1/15/2018 - Eng. Mustafa Sanalla, NOC Chairman of the Board, Dr. Abdelmomen Weld Qadour Chairman and General Manager of Sonatrach Company and Mr. John W. Wallace ...

Egypt >>  1/11/2018 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the M...
Egypt >>  1/3/2018 - Siemens Gamesa Renewable Energy (SGRE) has secured a new order for the installation of 125 of its G97-2.1MW turbines (total capacity of 262.5 MW) at t...

Gabon >>  1/3/2018 - Spectrum, in collaboration with the Direction Generale des Hydrocarbures (DGH), has commenced the next phase of its shallow water 3D Multi-Client seis...
Egypt >>  12/27/2017 - The Minister of Investment and International Cooperation Dr. Sahar Nasr signed an agreement worth USD 200 million with Director of Natural Resources a...

Related Categories: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News


Oil & Gas Companies in Egypt >>

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.