Current Status
Egyptian oil and gas annual maintenance fee is estimated to be over 25million US$.
Total number of Joint Venture “JV” companies operating in Egypt is over 50, in addition to international and expatriate companies operating their exploration licenses.
Egypt full of different assets across the O&G lifecycle from prospect up to brown fields, late development plan studies, design and execution phases ongoing.
Onshore and Offshore, Oil & Gas Fields assets with all different sizes and numbers of wells, single and multiple reservoirs with single and commingle production..
Local oil& gas fields, scattered or clustered pr0duce from multiple reservoirs. Such varieties offers great opportunities for technical studies due to assets dynamic commercial environment for farm in /farm out.
Assets Market operated with 80/20 roles due to heavily well intervention operations and infill drilling wells as well as near field exploration.
Current geoscience domain market include Petrel mainly and landmark as legacy applications.
TECHNOLOGY SOLUTIONS adaptation is on a very healthy track for all phase’s, exploration, development and production
Market Potential
Geoscience demand is on the rise and promising due to ongoing gas exploration and development offshore deepwater
Gulf of Suez, Nile Delta, Eastern & Western Desert are Egyptian traditional hydrocarbons bearing areas and where most of the explorations and production activities are
- Recently Egypt opened the explorations in the Red Sea where …… licenses have been offered to …