Egypt

EGPC Delegation Reviews Operations at SUCO and OSOCO

Published on : 2024-08-25

A high-level delegation from the Egyptian General Petroleum Corporation (EGPC) conducted a strategic field visit to the Suez Oil Company (SUCO) and Offshore Shukheir Oil Company (OSOCO) to oversee the commencement of new operations. This visit coincided with the arrival of the Admarine 262 drilling rig and the Admarine 12 offshore barge, marking the beginning of operations at the SUCO fields.

Key members of the delegation included Tamer Idris, EGPC Deputy Chairman for Production; Mohamed Mohy, EGPC Deputy Chairman for Exploration and Supervisor of Agreements; and Tamer Aieysh, EGPC Chairman Assistant for HSE. They were accompanied by their assistants and representatives from ADES Company.

This site visit is part of the EGPC's ongoing efforts to implement the exploratory and production services agreement signed last March, which became effective at the beginning of August. The agreement highlights the petroleum sector's success in attracting significant new investments, reflecting the Ministry of Petroleum and Mineral Resources’ (MoPMR) commitment to boosting production and ensuring sustainable growth.

During the visit, the delegation reinforced the Ministry’s strategic focus on closely monitoring petroleum activities, aiming to overcome challenges and increase production in the coming period. The field tour also underscored EGPC’s dedication to supporting its partners in the sector.

The delegation received detailed briefings from Walid El-Aasar, Chairman of OSOCO, and Ahmed Farid, General Manager of Operations at SUCO, on behalf of SUCO President Mohamed El Khayat. The discussions covered the operational mechanisms of the oil and gas processing plants, the main control rooms, periodic maintenance programs, and other ongoing operations.

During the tour, safety procedures were thoroughly reviewed, with a strong emphasis on adhering to the directives of Karim Badawi, Minister of Petroleum and Mineral Resources, to maintain the highest safety standards across all operations.

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