Egypt

El Molla Holds High-Level Talks with ExxonMobil Over Latest Investments

Published on : 2023-10-08

At ADIPEC 2023, Minister of Petroleum and Mineral Resources Tarek El Molla held talks with Vice President-Head of Global Exploration at ExxonMobil John Ardill to discuss the company’s latest investments in its Mediterranean fields at offshore North Maraqia in addition to the Cairo and Masry regions assigned to the company recently.

They also discussed the needed efforts to speedily start operation at these areas as well as the keenness of ExxonMobil to expand its exploratory operations and awarding new areas through international bid rounds.

For his part, Ardill expressed his company’s commitment to continue work and expand its projects in Egypt during the coming period and praised the support provided by the Ministry of Petroleum and Mineral Resources.

ADES wins jackup drilling contract in Egypt

Saudi-listed ADES Holding Company said it has received a direct award of contract (DAC) from Suez Oil Company (SUCO) in Egypt for three jackup drilling rigs in the Gulf of Suez, which is expected to commence in the coming weeks.