Egypt Seeks to Increase Crude Oil Production

The Minister of the Petroleum and Mineral Resources, Tarek El Molla, said in the Upstream Technical Convention Conference, that Egypt aims to boost crude oil production.

He explained that this increase is to fill the gap of the local consumption through updating the systems and procedures, in addition to bidding and singing petroleum agreements to explore petroleum reservoirs.

Inspired by the Modernization Project, the Upstream Technical Convention was organized by Egypt Oil and Gas Newspaper and attended by the petroleum sector’s leaders, head of some international oil companies (IOCs) and industry’s experts.

The  minister confirmed the importance of increasing brownfields’ production, adding that Egypt has several distinguished sites in the Western Desert and Suez Gulf which are rich with conventional and non-conventional hydrocarbons.

El Molla declared that there is an agreement upon establishing a technical committee from the petroleum sector and some of the international companies’ heads and some of the experts in the industry to study how to improve the brownfields performance, provided that the committee is to present its recommendations by the end of Q1 2020.

He also stressed on health, safety and environment (HSE), which is the main factor for the success of the petroleum industry, under the Modernization Project.