Prime Minister Mostafa Madbouly met with John Ardill, Vice President of World Exploration at ExxonMobil, on the authorities headquarters within the New Administrative Capital to evaluate the standing of a number of concession areas which might be affiliated with the corporate in Egypt.
The assembly was attended by Karim Badawi, Minister of Petroleum and Mineral Assets; Amr Abou Eita, Chairman and Managing Director, at ExxonMobil Egypt; and various firm officers.
The Prime Minister started the assembly by emphasizing that ExxonMobil is a strategic associate for Egypt within the power sector. The assembly mentioned the standing of a number of of the corporate’s concession areas in Egypt, particularly within the Mediterranean Sea, in addition to to evaluate future cooperation alternatives between the federal government and the firm.
Ardill defined to the attendeesthe present standing and work program for the corporate’s two pure fuel concession areas within the Mediterranean Sea: the Cairo and Masry areas. He additionally mentioned the trendy applied sciences the corporate will use in its drilling operations, noting that drilling efforts are being intensified after the completion of seismic surveys in each areas as a part of the exploration work.
Furthermore, Ardill affirmed that ExxonMobil is accelerating its efforts to finish drilling operations within the aforementioned concession areas. I
In the meantime, Badawi introduced accessible funding alternatives within the areas of pure fuel and oil exploration and prospection. He emphasised that ExxonMobil is taken into account one among Egypt’s most necessary international companions within the oil and fuel sector.
ExxonMobil is an American multinational oil and fuel company that’s actively exploring for oil and fuel in Egypt, notably within the Mediterranean Sea and the Nile Delta.
