Image Credit: Jon Shapley, Houston Chronicle / Staff photographer , Image used for illustrative purpose only.
1 minute read

ENAP Sipetrol Egypt to invest $70mln in 2024 drilling plans

ENAP Sipetrol Egypt will pump investments worth $70 million during 2024, the company’s Chief Executive and Managing Director Denisse Abudinén revealed in a meeting with Minister of Petroleum and Mineral Resources Tarek El-Molla.

These investments will be directed to drilling four development wells and three exploratory ones in the Shahd, northeastern Shahd, and Al-Zahraa areas in the Western Desert, Abudinén explained.

She also referred to the firm’s execution of a sustainable energy initiative in the northern Ras Qattara region to reduce dependence on diesel and increase dependence on associated gases in generating electricity.

Moreover, she announced the completion of the seismic search carried out in the Eastern Desert’s West Amer block at an estimated cost of $11.5 million, paving the way for starting drilling operations in the coming period.

Legal Disclaimer:
Petroleum Today
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Petro (Chemicals)
    1 minute read

    Lummus and MOL to Collaborate on…

    19 Jul. 2024 | Global Flow Control
  • Power Generation
    1 minute read

    Kazakhstan explores plans for nuclear power…

    19 Jul. 2024 | Global Flow Control
  • Water and Wastewater Management
    2 minutes read

    Intesa and ACEA Sign Landmark €20…

    19 Jul. 2024 | Global Flow Control
  • Hydrogen and Carbon Capture
    9 minutes read

    New Hydrogen Hub on California’s Horizon

    19 Jul. 2024 | Global Flow Control