The South Valley Egyptian Holding Petroleum Firm (Ganope) has accomplished a geological area expedition within the southern Gulf of Suez and Purple Sea area to deepen understanding of the basins, supporting the deliberate worldwide exploration bid spherical within the Purple Sea. This initiative aligns with the Ministry of Petroleum and Mineral Sources’ (MoPMR) technique to draw new investments in untapped oil and gasoline exploration areas.
The four-day expedition, organized in cooperation with the Egyptian Petroleum Exploration Society (EPEX) and several other college professors, introduced collectively 25 geologists from worldwide and Egyptian petroleum corporations. The fieldwork contributes worthwhile knowledge to boost Egypt’s geological database and help future funding alternatives within the Purple Sea area.
The expedition included structural research in Wadi Jasus, area research of Oligocene outcrops, and targeted work alongside the Quseir–Qift and Safaga–Quseir roads. Key visits included Jabal Abu Shaar, recognized for its outstanding carbonate outcrops, and Jabal al-Zeit, house to one in every of Egypt’s most notable pure oil seepage websites. The crude oil emergence at Jabal al-Zeit, a uncommon geological phenomenon, performed a historic position within the discovery of petroleum within the Gulf of Suez.
The expedition was carried out in coordination with corporations working within the Gulf of Suez, together with PetroGulf, Offshore Shukeir Oil Co. (OSOCO), and Suez Oil (SUCO).
The MoPMR just lately introduced the preparation for launching a global bid spherical for oil and gasoline exploration in 4 Purple Sea areas by way of the Egypt Upstream Gateway (EUG), an announcement made on the sidelines of the World Energies Summit in London.
