Petroleum Ministry Floats Int'l Tender for Exploration in Egypt

Source: 2/18/2021, Location: Africa

Petroleum Minister Tarek el Molla announced the launching of the first international tender for petroleum and gas exploration for 2021 in 24 areas in Suez Gulf, western desert and East and West Mediterranean.

The tender was floated through Egypt Upstream Gateway, the first digital platform that provides geological data for search, drilling and production activities in Egypt.

The tender aims at promoting international companies' investments in the oil and gas domains and consequently increasing oil and gas production.

In statements on Thursday, the minister lauded efforts of all people who made it possible that the gateway sees daylight 12 months after signing a memo of understanding between the ministry and Schlumberger company.

The gateway is a landmark on the road of digital transformation and an important step by Egypt to address international companies operating in the oil and gas excavation domains as it gives them access to Egypt's subsurface, he said.

Till now, ten international companies, including Eni, Apache and Wintershall DEA, signed membership agreements to join the gateway.

Egypt Upstream Gateway provides digital access to over 100 years' worth of accumulated national onshore and offshore seismic, non-seismic, well-log, production, and additional subsurface data under a single platform.

This data, which empowers de-risked decisions through the ability to explore multiple basins and evergreen data, can be accessed virtually from anywhere using the platform’s online portal.

United States >>  4/13/2021 - bp has announced an oil discovery at the Puma West prospect in the deepwater U.S. Gulf of Mexico.

The well, on Green Canyon Block 821,...

Mongolia >>  4/12/2021 - Petro Matad, the AIM quoted Mongolian oil company, has provided an operational update.

Block XX Exploitation Licence


Trinidad and Tobago >>  4/12/2021 - Touchstone Exploration has announced the completion of flowback testing of the Cascadura Deep-1 well, confirming a liquids rich natural gas discovery....
United States >>  4/12/2021 - 88 Energy has provided a further update related to its operations in the NPR-A region of the North Slope of Alaska.


Brazil >>  4/9/2021 - The Board of Directors of Petrobras approved the signature of an agreement with the Federal Government that establishes the participations in each con...
United Kingdom >>  4/7/2021 - Finder Energy is pleased to announce that it has been awarded a 100% interest in the P2528 Licence in the 32nd UK Offshore Licensing Round. ...

Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.