Egypt, UAE discuss expanded oil, gas drilling programme

Cairo [Egypt], August 24: Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, met with Abdullah Ateya Al Messabi, CEO of ADNOC Drilling, to discuss strategic partnerships and the company's participation in Egypt's expanded onshore and offshore well-drilling program to support higher oil and gas production.
ADNOC Drilling is part of the ADNOC Group, the UAE's state-owned energy company, and provides drilling and well-services solutions for onshore and offshore oil and gas operations.
Badawi said increasing drilling activity is a key pillar of the Ministry's five-year plan to boost domestic crude oil and natural gas production by intensifying exploration, accelerating the development of discoveries, increasing well-drilling rates, and adopting advanced technologies and technical solutions.
He highlighted ADNOC Drilling's technical and technological capabilities and advanced experience in well-drilling operations, stressing the importance of leveraging its expertise to support Egypt's drilling and production plans.
He also said Egypt's promising drilling and development opportunities create scope for new partnerships with international and regional drilling-services companies.
Al Messabi expressed ADNOC Drilling's interest in strengthening its presence in Egypt and establishing partnerships with the Egyptian General Petroleum Corporation (EGPC) and its subsidiaries.
Al Messabi stressed the importance of cooperation with Egyptian Drilling Company (EDC), citing its long track record and accumulated experience in drilling oil and gas wells in Egypt and abroad.
The two sides will hold specialised technical meetings in the coming period to explore cooperation opportunities and identify areas for participation in the targeted drilling programme.
Source: Emirates News Agency