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Tariq Al Mulla, Minister of Petroleum and Mineral Resources, discussed with Maria Maurice Hensen, CEO of Dia, a German company specializing in the exploration and exploration of oil in Egypt, the plan of investment and position of ongoing projects. At the meeting organized by the Egyptian-British Association, Mulla said that his ministry had managed last year to put in place four major projects to develop gas deposits discovered in the Mediterranean Sea on the map of production, notably midday and north of Alexandria, Norse and Atoll. Fields to add [1969002] Mulla added that seismic survey projects have been launched in the Red Sea, Upper Egypt, Western Mediterranean and Suez Gulf regions, thus helping to attract investment. companies.
Hensen explained that she had received assurances from the Minister to pay the arrears of the company by the end of the year 2019. The company is currently working on the assessment of the recent call for tenders presented by the Ministry of Petroleum for Exploration. About oil and gas Z.
The company intends to invest about $ 500 million over the next three years in the Egyptian oil sector, explaining that the company owns 17.5 ? Among the West Delta fields operated by the British company BP, it does not intend to increase its share in these fields and produces about 36,000 barrels of oil and gas per day on the Egyptian market
. Of Egypt's total oil and gas production, "noting that natural gas contains about 75% of the company's production, adding that" in the next two years Egypt will begin to export gas at the same time as self-sufficiency ".
The company currently produces about 120 thousand barrels a day of oil and natural gas in the world. At about 600 thousand barrels a day, "likely to sign the initial agreement for the merger between the two companies soon, the merger will be completed by the end of the year.
Dia German company in Egypt since 1974, where produced about 650 million barrels of crude oil The Gulf region of Suez, through the Suez oil company, and also works in the region The gas extraction Natural in the Desouk region, which includes 7 fields, started in 2012.
Hensen added that the company had already grown since the beginning of the year in exploration and development. 39, exploration of the Gulf of Suez. Do not complete the official signature of the Convention. "
Source: Al-Shorouk Newspaper
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