Egypt launches EUG platform to boost petroleum sector

Egypt’s Ministry of Petroleum and Mineral Resources launched on Thursday Egypt Upstream Gateway (EUG), a digital platform promoting oil and gas opportunities.

The EUG platform will drive the sector forward and enable easy access to advanced data visualisation and technology, according to the Ministry.

The platform will also offer geological and geophysical insights, encouraging current and potential investors.

Egypt officially launched EUG during the Egypt Petroleum Show (EGYPS) 2020 in a memorandum of understanding (MoU) between the Egyptian General Petroleum Corporation (EGPC) and US oilfield services company Schlumberger (SLB).

The project is set to efficiently manage all public and private data generated from exploration and production activities. It will then store received the information according to the strictest security regime in the National Data Repository (NDR).

The Country is currently working on initiating a digital platform for the mining and mineral resources sector as well, to match EUG.