Issue: June 2015

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COVER

  • OPTIMIZATION ROUNDTABLE: JOINING EFFORTS TO BOOST PRODUCTION

    On Monday, May 11th, a room packed with the industry’s major key players welcomed the second Egypt Oil & Gas Convention Roundtable with a mix of excitement and curiosity. This year’s conference centered around production optimization, an important challenge for the industry’s main stakeholders as the international climate forces Egypt to shift focus from exploration to boosting production in existing fields. As part of the four-day convention, the roundtable brought industry experts together to discuss issues involving the public and private sectors. The participants faced each other on the large square table, including EGPC Chairman Tarek El-Molla, Former Minister of Petroleum, Abdullah Ghorab, as well as top-level IOC representatives and engaged in a discussion that acts as a stepping-stone towards greater collaboration between key players.

INSIDE ISSUE

  • TRAINING FOR OPTIMIZATION

    The idea behind Egypt Oil & Gas’s Production Optimization Convention was to help the industry enhance its effectiveness. In support of this, the convention activities began with a full day dedicated to training sessions, designed to offer practical applications for production optimization.

    The core focus of the day revolved around artificial lift, going from an overview on the four forms of lift currently employed in Egypt to an in depth explanation of the optimizing production using each type of lift.

  • CONVENTION WORKSHOP: OPTIMIZATION TOWARDS PROGRESS

    Rounding out the Production Optimization Convention was a two-day long series of workshops bringing together experts in the oil and gas field to discuss ideas and newly implemented techniques in the field. Following the Production Optimization Technical Training Course on day one and the Production Optimization Roundtable Discussion on day two, the workshops focused on the specifics, providing a chance for attendees to delve deeper into selected topics.

  • EGYPT’S TECHNOLOGY PROBLEMS: THE OIL SECTOR AS AN R&D SOLUTION

    Talk to anyone in the oil sector in Egypt, even lab assistants, and they will tell you right away that the government does not provide them with any kind of support, even with simple things like rock core samples, the most basic item needed for research. The same goes for the Scientific Research Academy and the ministries of planning and manpower. No budgets are created for R&D expenses in the public sector generally, because any expenditure that does not bring a guaranteed result is considered a “squandering of public funds,” punishable by law. The oil sector has a little more leeway here, as it enjoys larger revenues. In most developed countries, companies actually get tax deductions for the research they do, while the private sector in Egypt is saddled with sales and value-added taxes.

  • INTERVIEW WITH GDF SUEZ’S HEAD MAQSOOD SHER

    Egypt Oil & Gas recently sat down with Maqsood Sher, head of Gaz De France Suez Egypt (GDF Suez) to speak to him about the upstream activities the company is involved in, as well as a bit of his own personal history. The interview is too detailed to print in full, but selected highlights are featured below.

  • YOUNG SCHOLARS VIEW ON PROFESSIONALISM: PROBLEMS AND RECOMMENDATIONS

    “The most valuable asset of a company is neither its hydrocarbon accumulations nor its technology patents, but rather its employees,” said Ahmed Kawanna, Recruiter and University Relations Manager for East Africa and East Mediterranean, during an information session for Schlumberger held at Suez University. However, not all employees are viewed the same way.

  • WAR-TORN LIBYA FIGHTS FOR ITS FUTURE ONE BARREL AT A TIME

    Amid the airstrikes, political declarations, and hostage taking, there is another, little-known war being waged; one whose outcome will surely determine the ultimate winners and losers in the battle for Libya. This war is being fought over the country’s single most important feature.