The Egyptian Ministry of Petroleum and Schlumberger have launched the Egypt Upstream Gateway, an revolutionary nationwide venture for the digitalisation of subsurface info
This digital platform may also allow world entry to the nation’s subsurface information, which is stored evergreen by enhancing legacy datasets by means of reprocessing and new research. This distinctive digital initiative will likely be used to unlock the potential of Egypt’s petroleum sector and promote the nation’s exploration and manufacturing potential worldwide.
Talking on the launch occasion in Cairo on 17 February, which additionally noticed the announcement on the digital platform of the nation’s newest worldwide bidding spherical, HE Tarek El-Molla, Egypt’s minister of petroleum and mineral assets, highlighted the significance of digitalisation as a ‘pivotal enabler’ and a key factor within the modernisation programme for the nation’s oil and fuel sector.
“Digital transformation is taking part in a big position in driving efficiencies at each a strategic and operational degree in oil and fuel, and turning into a important issue for achievement within the post-pandemic interval,” stated El-Molla. “Because the oil and fuel industry is Egypt grows, there will likely be a terrific alternative to leverage huge information, using information science and new and rising applied sciences that may speed up alternatives, by means of producing extra environment friendly workflows and attaining vital reductions in working prices.
“The Egypt Upstream Gateway is a novel and revolutionary nationwide venture that considerably enhances the nationwide information repository resolution by digitalising all subsurface info and placing information at your fingertips to be accessed at anytime from anyplace,” he stated. “The Egypt Upstream Gateway will digitally promote Egypt’s oil and fuel bid rounds by means of seamless on-line entry to the sector’s information, in addition to endorsing our exploration potential worldwide.
“Understanding and leveraging the worth of knowledge within the upstream sector will likely be a key enabler for oil sector corporations to stay aggressive all through planning, appraisal and discipline improvement,” he went on. “Present and potential traders will profit with superior information visualisation and know-how, and better entry to regional geological and geophysical insights The EUG is a defining milestone within the nation’s oil and fuel digital transformation.”
The Minister added that greater than 10 worldwide corporations had already signed membership agreements even earlier than the official launch of the platform.
“The Egypt Upstream Gateway is the embodiment of the Egyptian Ministry of Petroleum’s imaginative and prescient, leveraging digitisation to modernise the nation’s petroleum sector,” stated Rajeev Sonthalia, president, digital and integration, Schlumberger. “With the launch of this industry-first platform, the Egyptian Ministry of Petroleum and its associates—EGPC, EGAS, GANOPE—can digitally showcase nationwide belongings to traders worldwide, along with leveraging the most recent digital know-how and options to speed up discovery all through the nation.”
The Egypt Upstream Gateway gives digital entry to over 100 years’ value of amassed nationwide onshore and offshore seismic, non-seismic, well-log, manufacturing, and extra subsurface information underneath a single platform. This information, which empowers de-risked selections by means of the power to discover a number of basins and evergreen information, will be accessed nearly from anyplace utilizing the platform’s on-line portal.
On the occasion, Egypt’s first digital worldwide bid spherical was launched by means of the EUG. 24 blocks are being provided by EGPC and EGAS within the Gulf of Suez, Western Desert, Jap Desert and the Mediterranean Sea, utilizing the PDSA mannequin which applies in Egypt.