Dr. Magdi Nasrallah
Incentives and Solutions: Egypt’s Oil Recovery Prospects in a Low Price Environment
Tuesday, 19th May 2015
Oil recovery is a necessity, not a luxury, for an energy-importing nation like Egypt that has a limited number of oil producing wells, most of which are already mature. With a rapidly rising population and a slow pace of exploration there simply is no substitute for Improved and Enhanced Oil Recovery (IOR/EOR). It has been estimated that as much as 60% of a well’s original supply stays locked in a reservoir at the end of its 30 to 40 year life-cycle. IOR sets the scene so to speak; beginning at the primary and secondary stages and targeting mobile oil, while EOR comes at the hardest tertiary (third-stage) and involves immobile oil. Cairo University’s Mining Studies and Research Center estimates that as much as 3.2Bn barrels of oil remain to be extracted at this final stage.
WORDS OF THE WISE: RELYING ON EXPERIENCE
Wednesday, 8th April 2015
After leaving academia for a fulltime political career, Dr. Moustafa El-Fiqi was once described as a “former thinker.” His logical reply, “When does somebody stop thinking”? By the same logic, just because someone is retiring doesn’t mean he has stopped being useful to the industry. Egypt Oil & Gas is celebrating our 100th issue, dedicating this month to celebrating the people who have made important contributions to the oil and gas sector here in Egypt.