Issue: July 2009

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INSIDE ISSUE

  • Safety is NEVER achieved by CHANCE!

    Striving for revenues and production records and fulfilling corporate goals for high achievements should not be the sole concern to focus on. Each petroleum entity or corporation has several duties towards the environment and employees have rights to keep their health and safety intact. This can be summarized in three words Health, Safety and Environment(HSE)

  • Workplace Risk Assessment

    "Any establishment and its branches shall carry out an evaluation and analysis of the risks and of the expected industrial and natural disasters, and prepare an emergency plan for protection of the establishment and its workers in the event of an occurring disaster, providing the effectiveness of this plan shall be tested and etc" (Egyptian Labors Law # 12/2003 5th book, Article # 215)

  • Impact on rig markets

    The current economic crisis cast its shadow on all producing activities including oil industry, which used to generate trillions of dollars, but now, many oil producers and relevant services companies sustain loss of billion dollars. Undoubtedly, the economic crisis made biggest companies to shrink their activities in exploration and exploitation, excluding the developing countries, which are compelled to produce under any circumstances and whatever the prices are, to fulfill government budget cash inflows

  • More flexibility needed to lure investments, Oil refining companies will not be exempted from taxes

    Egypt was about to take a step towards expanding its refining sector after the financial crisis and a new tax regime applied to the country’s industrial zones have already hampered plans to upgrade Egypt’s refining capacity

  • Iran’s unrest will not lead to higher oil prices

    Despite oil prices have doubled since the beginning of this year, amid hopes that an economic recovery could boost demand, the price of a barrel of oil has fallen four percent since the presidential election held in Iran last month

  • CobraMax H Service

    An issue with coiled tubing-based pinpoint stimulation for multizone fracturing has been that large-diameter coiled tubing was required to achieve the high rates and fluid volumes, velocities and downhole pressures required for perforating and fracturing. The 2-3/8-in. or 2-7/8-in.-diameter coiled tubing imposed depth limitations due to the additional weight and the reel capacity of conventional coiled tubing units. Fortunately, recently developed technology has eliminated these shortcomings.

  • Monthly News

    News of the month, know more about the recent activities this industry has shown during June 2009.