The inaugural Egypt Oil & Gas 2015 Summit took place on 18th-19th February at the Four Seasons Nile Plaza Cairo Hotel with the international oil operators in the Speaker Faculty highlighting the importance of the oil and gas industry for the country
The two-day Summit opened with Ganope’s Chairman, Abu Bakr Ibrahim presenting Egypt’s 2015 bidding round. Ganoub El Wadi Petroleum Holding Company currently operates joint venture and independent consessions in Egypt’s Red Sea’s and upper Egypt, and during his presentation, Abu Bakr Ibrahim released the company’s short-term and long-term plans which include a bidding round in Q4 of 2015, and a multi-client project respectively.
With the country being an old oil and gas producer, it means that the operations of the international oil companies in Egypt are an important milestone for the economy of the country. Apache’s Egypt Companies, Finance Managing Director, Yasser Tousson, highlighted this in his presentation at the Egypt Oil & Gas Summit, elaborating on the relationship between the NOC and foreign operators in creating a win-win situation.
Despite the fact that a lot of Egypt’s oil fields are mature, oil companies still make commercially successful discoveries quite often, and this is very encouraging for their operations. SUCO-RWE’s Development Manager, Jesus Samuel Armacanqui mentioned during the Summit that 70% of Egypt’s oil comes from brownfields and holds a significant pull.
Egypt’s 6th largest operator, DanaGas, which was represented by Egypt’s General Manager, Mark Fenton, revealed at the Summit that they are planning to continue the aggressive growth in the country by building on the existing portfolio through additional exploration in the licensed blocks.
Other insightful presentations that gave an overview of the oil and gas landscape in Egypt came from:
• Sameh Sabry, Commercial and Business Development Manager, RWE
• Mark Fenton, General Manager, Dana Gas, Egypt
• Ahmed Hagras, Exploration Director, BP North Africa
• Gabriele Mariotti, Exploration Manager, Vegas Oil & Gas
• Tarek Shalaby, Commercial & Business Development Manager, Edison spa
• Wael Attia, General Manager, Vega Petroleum
• Tarek El-Barkatawy, Chairman & Managing Director, Tanmia Petroleum Company
• Dr. Mosaad El Leboudy, Exploration General Manager & Board Member, Gabal El Zeit Petroleum Company
• Dr. Adel M. Salem, Assistant Professor of Petroleum Engineering, American University in Cairo (AUC)
• Ahmed Ezz Director, Production, Egyptian LNG
• Raffi Kazazian, General Manager, P&I AAF International
• Tim Crome, VP Subsea Mediterranean, North Sea Canada Region, Technip
• Saad Elkhadem, Regional Executive Vice President – Africa, Future Pipe Industries
• Ahmed Marzouk, Sales Leader North Africa & Turkey, GE Oil & Gas
The Oil & Gas Year’s Country Editor for Egypt, Imran MacMillan, chaired the two-day Summit, enhancing the interaction between presenters and delegation, which included oil leaders such as EGPC, EGAS, Gasco, Gazprom Neft, Edison, Dana Petroleum, Shell Trading, Vegas, Dana Gas, Union Fenosa Gas, Segas, Eni, Kufpec, Tharwa Petroleum Company.
The Summit concluded with a panel discussion addressing the impact of the oil price crisis on oil activities. Our panellists focused on the IOC’s investment strategy at the current oil prices and pointed Egypt as the right place to invest under the present economic climate.
Technip, Spectrum, Genesis, Dolphin Geophysical and FPI were sponsors of the Egypt Oil & Gas 2015 Summit. Support for the meeting also comes from The Middle East Association, Cedigaz and the Society for Gas as a Marine Fuel (SGMF).
More information about the Egypt Oil & Gas 2015 Summit is available on the website www.egyptsummit.com and documentation of the platform is available for purchase.
