Issue: March 2017

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COVER

  • APACHE DETERMINED TO CONTINUE INVESTING IN EGYPT’S UNCONVENTIONALS

    In an exclusive interview with Egypt Oil&Gas, DAVID CHI, Vice President & General Manager, Apache, shared
    the company’s latest updates on the progress in the unconventional Apollonia field and affirmed Egypt’s major
    potential in developing unconventional resources as a necessary supplement for its matured fields in a few years
    time, under the Modernization Strategy umbrella aiming for the country to become a Regional Oil&Gas Hub.

INSIDE ISSUE

  • A NEW ECONOMIC MODEL FOR UNCONVENTIONAL PLAYS

    Schlumberger co-hosted with Khalda Petroleum Company ‘The Apollonia Unconventional Play’ presentation in February. At the event, HUSSEIN FOUAD EL GHAZZAWI, Schlumberger’s Vice President and General Manager spoke to Egypt Oil&Gas to introduce advancements and challenges that the company has been facing in its work on unconventional oil and gas development with the two field operators in the country.

  • UNCONVENTIONAL OILS A New Frontier for Energy Security

    Global population has grown to an estimated 7.4 billion, with the majority of people scattered across Asia, followed in the distance by Africa. Accordingly, the world consumes millions of barrels of oil to fuel our daily lives and drive economic growth needed to sustain ever growing societies. In 2016, the International Energy Agency’s Oil Market Report estimated that worldwide demand of oil would reach an average of nearly 96mb/d. It was only natural that economies would look beyond the conventional for additional sources of hydrocarbons.

  • UNCONVENTIONALS PIVOTING GLOBAL OIL OUTPUT

    Unconventional sources of oil and gas strongly affect production levels and drastically change prospects on global energy markets. The increase of oil revenues after the unconventional revolution in the United States and elsewhere in the world clearly pictures this impact.

  • BRIGHT ECONOMICS OF UNCONVENTIONAL OIL AND GAS

    Unconventional oil and gas activities worldwide are reshaping energy futures and bringing significant benefits to the economies in terms of jobs, government revenues, and GDP. Yet, concerns about the economic viability of unconventional oil and gas have been on a rise since the initial pursuit of these resources.

  • THE ENVIRONMENTAL DILEMMA OF THE UNCONVENTIONALS

    As many oil and gas fields are starting to be affected by the decline in the natural production ratio and they are coming closer to reaching their maturity, oil and gas investors are beginning to operate in the unconventional oil and gas resources. Shale oil and gas, oil sands, and tight oil and gas have a large economic potential.

  • ENSURING A SOCIAL LICENSE IN UNCONVENTIONAL DRILLING

    Many countries are lining up their efforts to come up with new ways of gas production in a world that highly depends on energy. The successful development of world’s vast unconventional gas hinges critically on the advanced methods used. Yet, easily overlooked are the social risks brought about by drilling in unconventional areas.

  • REGULATING UNCONVENTIONAL OIL & GAS IN EGYPT

    Unconventional oil and gas presents significant potential for Egypt. However, along with this potential, the growth of unconventional techniques presents increased environmental, social, and corporate risks. To date, the legal framework in Egypt has not directly addressed the regulation of unconventional oil and gas development. For the most part, regulation of unconventional development has not been needed.

  • APOLLONIA PROJECT : IT’S ALL ABOUT EFFICIENCY

    Apollonia formation forms a reasonable reservoir size spreading over an area of several hundred kilometers and it is characterized as a carbonate reservoir that consists mainly of high-porosity soft chalky and low permeability limestone.

  • THE APOLLONIA UNCONVENTIONAL PLAY

    The Egyptian petroleum industry is poised to enter a new era as drilling operations in unconventional fields started to take place. On Monday, February 6th 2017, Schlumberger in collaboration with Khalda Petroleum Company held Apollonia Field Presentation in Cairo’s JW Marriot, to showcase the success of the unconventional completion operation of the Apollonia JD gas field.

  • BETWEEN EGYPT AND CANADA A Promising Energy Partnership

    The Middle East region has long been deemed the world’s largest energy portal with huge amount of oil and gas reserves and international companies operating across the region, among them Canadian giants. As the Egyptian government has embarked upon a strategy to bolster its economy by developing its energy industry, which was showcased in many partnerships with foreign IOCs, Canadian companies have played an important role in this regard.

  • GALA DINNER NIGHT CELEBRATES EGYPS 2017

    On February 14th, world’s energy industry leaders, political figures, and high profile invitees gathered for Egypt Petroleum Show’s (EGYPS 2017) grand Gala Dinner at the sound and light venue of the Pyramids in the metropolitan city of Giza. The night was an opportunity for potential business talks and more networking among invitees.

  • EGYPT PETROLEUM SHOW ATTRACTED OLD AND NEW PLAYERS

    The Egyptian oil and gas industry eyed a memorable day with the kick off of Egypt Petroleum Show that expands a spotlight on the entire energy sector with the presence of political figures, key industry leaders, delegates, and visitors.

  • AL AMAL GAIN AND GIVE

    Al Amal 8th Award Day was a fantastic gathering for exploration pioneers, some with more than 60 years of experience and recent geoscience graduates. The slogan - ‘Gain and Give’ – symbolizes the transfer of experience, knowledge, and business ethics from experienced professionals to new team members, who will then continue in the practice with an even younger generation that will follow. The interest of many experts in participating in the Al Amal Program has been tremendous.

  • The Growing Threat to Iraq’s Oil Industry

    The political vacuum and internal conflicts brought about by the US-led war on Iraq has left behind a feeble country, and paved ways for the emergence of armed organizations such as Islamic State (ISIS), which has arisen in Iraq initially as a branch of Al-Qaeda.

  • INFRASTRUCTURE PLANS AT ALAM EL SHAWISH EAST

    Tanmia Petroleum Company, under the supervision of Petrosannan Company, launched the Early Gas Production Facility Project at the AESE-6 Concession Area, in Alam El Shawish East, to boost daily gas output to around 20.8 million cubic feet per day, in addition to 800-900 billion barrels per day of condensate.