1 Day
Source:
المصري اليوم
_1777352244987_250242181.png&w=48&q=75){kind=small}
Petrol Minister Checks Al-Baraka Drilling
The Minister of Petroleum in Aswan reported that drilling and maintenance activities at the Al-Baraka field, which had been halted since 2022, have resumed following the arrival of the first new drilling rig from Canadian company Meditierra. The goal is to rehabilitate the wells and increase production. This step is part of the ministry’s strategy to revitalize the oil sector in southern Egypt through a seismic survey project covering 100,000 square kilometers. The project aims to provide updated data to identify investment opportunities and motivate companies through incentives such as the R-Factor system and the unification of concession areas. These investments will generate employment opportunities, stimulate industries, develop local expertise, and pave the way for further investments, increased production, and technology transfer. Ultimately, this strengthens the position of southern Egypt as a strategic hub for the oil industry.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)