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Egypt Steps Up Efforts to Attract Gulf of Suez Investment

Source: Reuters 2/12/2018, Location: Africa

Egyptian oil minister Tarek El Molla announced an agreement with an international company to conduct a seismic survey of the Gulf of Suez to attract exploration investment in the area.

Molla also said that Egypt was working to improve the quality of fuel products in cooperation with foreign marketing companies.

ďAn agreement was signed between the oil sector and one of the major international companies to conduct a regional seismic survey in the Gulf of Suez that will help attract global companies to intensify search and exploration work,Ē Molla told an energy conference in Cairo.

He did not name the company or give any details on the agreement.

Egypt last year began production from itís mammoth offshore Zohr gas field in the Mediterranean, with initial output of 350 million cubic feet per day.

Discovered in 2015 by Italyís Eni, the field contains an estimated 30 trillion cubic feet of gas.

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

Seismic survey News in Egypt >>

Ireland >>  11/30/2018 - Providence Resources, the Irish based Oil & Gas Exploration Company, has provided an update on the planned well site survey operations over Standard E...
United Arab Emirates >>  11/21/2018 - Polarcus Limited announces that an award has been received to perform a high resolution 3D marine seismic acquisition project in North America. The pr...

United States >>  11/19/2018 - Magseis ASA and WesternGeco, the geophysical services product line of Schlumberger, have signed a Memorandum of Understanding (MoU) to offer joint bun...
United States >>  11/14/2018 - SeaBird Exploration has announced that the company has signed a letter of intent to acquire 2D seismic data for an international oil & gas company in ...

Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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