Dragon Oil Company, in cooperation with the Egyptian General Petroleum Corporation, organized a workshop in the Arab Republic of Egypt on January 23 and 24, titled “Improving Production and Rediscovery of the Gulf of Suez Fields.”
More than 20 companies operating in the Egyptian oil sector attended the workshop which reviewed the latest technologies based on artificial intelligence to increase production and improve performance in the Gulf of Suez region, as it is the backbone of the oil industry.
Fareed AlHashmi, Director of Operations for Egypt and Iraq, representing Dragon Oil, and Sherif Hasballah, Undersecretary of the Production Sector, on behalf of Tarek El Molla, Minister of Petroleum and Mineral Resources of Egypt, opened the workshop with welcome speeches .
The two sides stressed the importance of the workshop to improve communication between oil companies operating in the Gulf of Suez region, for the benefit of all, by exchanging research and studies and taking advantage of modern technology to improve production and exploration.
Speakers expressed their gratitude for the Dubai Government’s generous sponsorship of such initiatives aimed at deepening cooperation between partners, contributing to business growth and increasing opportunities for cooperation and sustainability.
This workshop shows dragon oilThe commitment of, in cooperation with the Egyptian General Petroleum Corporationto promote digital transformation and sustainability in the oil industry and represents a valuable opportunity to interact and learn from diverse experiences, which enhances continued progress in this strategic sector.
The workshop aims to exchange experiences between companies in the Egyptian oil sector and the participation of oil services companies to find innovative and unconventional solutions that contribute to increasing the production of crude oil from the fields of the Gulf of Suez. The workshop included the discussion of more than 20 research papers from various companies in the sector on the latest successes in Egypt’s oil sector.
The research presented addressed ways to improve the performance of artificial lift methods and innovative ways to reduce the amounts of water associated with production. He also addressed ways to increase production and lessons learned from the latest oil discoveries in the region. The workshop addressed the topics of using big databases and artificial intelligence technology to improve the efficiency of oil field management and production and create new opportunities to increase production.
The sessions included in-depth discussions on the challenges facing the oil industry in the Gulf of Suez region, with a focus on ways to improve the performance of production operations and how to make the most of available resources. At the same time, the workshop was an opportunity to improve communication and the exchange of ideas between companies, which contributed to expanding the horizons of cooperation in this vital sector.
This initiative of dragon oil company It is an affirmation of the constructive partnership in the sector and its eagerness to cooperate with the companies and cadres of the Egyptian oil sector to serve and promote the common interests of all partners.
At the beginning of this year, dragon oil company began producing crude oil in the Al Wasl field (north of Safa), which is the company’s first oil discovery in the Arab Republic of Egypt.
News source: Emirates News Agency