Oilfield service giant Schlumberger introduces Egypt Upstream Gateway project
U.S. oilfield services giant Schlumberger and the Egyptian Ministry of Petroleum introduced on Tuesday the Egypt Upstream Gateway.
The gateway is a unique and innovative national project for digitising subsurface information and delivering a digital subsurface platform to ensure Egypt’s subsurface data is kept evergreen. It will also be a platform to promote Egypt’s exploration and production (E&P) potential worldwide.
Schlumberger said in a statement that the project would leverage the GAIA* digital subsurface platform and provide additional value-added solutions—enabled by digital technology and domain expertise—using the DELFI* E&P cognitive environment capabilities and technologies.
“Leveraging digitalisation to modernise the petroleum sector of Egypt has been a key focus of our modernisation programme of the oil and gas sector and a critical project for the country.” Egyptian Petroleum Minister Tarek el-Molla said.
The goal is to equally enhance the understanding of Egypt’s subsurface offering, unlocking the full potential of its assets to meet its energy needs, he added.
“… Egypt Upstream Gateway will provide a platform to attract new investments to Egypt from investors from all around the world through state-of-the-art bid round digital enablement.”
The gateway “reflects the progressive vision we have for Egypt’s Ministry of Petroleum digitalisation and will be a key enabler positioning Egypt as a modern East Mediterranean Hub.” el-Molla added.
Schlumberger combines deep domain expertise with transformative digital technologies using the GAIA platform, which will enable the company to enrich Egypt’s subsurface data and deliver the Egypt Upstream Gateway, Maurice Nessim, president of WesternGeco, Schlumberger, said.
“This industry-first platform will accelerate Egypt’s discoveries, reduce uncertainty, mitigate risks and enable Egypt’s Ministry of Petroleum and its affiliates—EGPC, EGAS, GANOPE—to digitally showcase their assets to investors worldwide,” Nessim added.