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Egypt, Schlumberger introduce Egypt Upstream Gateway

Egypt, Schlumberger introduce Egypt Upstream Gateway

ArabFinance:   The Egyptian Ministry of Petroleum and Schlumberger introduce the Egypt Upstream Gateway, a unique and innovative national project for digitizing subsurface information and delivering a digital subsurface platform to ensure Egypt's subsurface data is kept evergreen. The Egypt Upstream Gateway will also be a platform to promote Egypt's exploration and production potential worldwide.

The Egypt Upstream Gateway will 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 digitalization to modernize the petroleum sector of Egypt has been a key focus of our Modernization Program of the oil and gas sector and a critical project for the country. The goal is to equally enhance the understanding of our subsurface offering, unlocking the full potential of our assets to meet our energy needs. In addition, the 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 Egypt Upstream Gateway reflects the progressive vision we have for Egypt's Ministry of Petroleum digitalization and will be a key enabler positioning Egypt as a modern East Mediterranean Hub," said Tarek El-Molla, minister of petroleum and mineral resources, Egypt.

"Schlumberger combines deep domain expertise with transformative digital technologies using the GAIA platform, which will enable us to enrich Egypt's subsurface data and deliver the Egypt Upstream Gateway. 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," said Maurice Nessim, president, WesternGeco®, Schlumberger.

About Schlumberger

Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. With product sales and services in more than 120 countries and employing approximately 105,000 people who represent over 170 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance sustainably.

Schlumberger Limited has executive offices in Paris, Houston, London, and The Hague, and reported revenues of $32.92 billion in 2019. 

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