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Schlumberger and Egyptian Ministry of Petroleum announce launch of the Egypt upstream gateway

Egypt's Petroleum Ministry believes that the project will provide a platform to attract foreign investments and will be a key enabler positioning the country as a modern East Mediterranean Hub.

Schlumberger and Egyptian Ministry of Petroleum announce launch of the Egypt upstream gateway

Cairo, February 17 - Neftegaz.RU. Schlumberger announced on February 17, 2021 the launch of the Egypt Upstream Gateway (EUG), an innovative national project for the digitalization of subsurface information.
This project is the 1st of its kind in the Egyptian petroleum industry.

This digital platform will enable global access to Egypt's subsurface data, which is kept evergreen by enhancing legacy datasets through reprocessing and new studies.
The unique digital initiative will be used to unlock the potential of Egypt's petroleum sector and promote the country's exploration and production potential worldwide.

Tarek El-Molla, Egypt's Minister of Petroleum & Mineral Resources, said:
  • Egypt is in the process of launching the EUG, a digital subsurface platform that will act as an up-to-date repository of the country’s subsurface data
  • The project will digitally promote Egypt’s oil & gas bid rounds through seamless online access to the sector’s data, as well as endorsing our exploration potential worldwide
Rajeev Sonthalia, Schlumberger´s President, Digital & Integration, noted:
  • The EUG is the embodiment of the Egyptian Ministry of Petroleum's vision, leveraging digitization to modernize the country's petroleum sector
  • With the launch of this industry-1st platform, the Ministry and its affiliates - EGPC, EGAS, GANOPE - can digitally showcase national assets to investors worldwide, in addition to leveraging the latest digital technology and solutions to accelerate discovery throughout the country
The EUG provides digital access to over 100 years' worth of accumulated national onshore & offshore seismic, non-seismic, well-log, production, and additional subsurface data under a single platform.

This data, which empowers de-risked decisions through the ability to explore multiple basins and evergreen data, can be accessed virtually from anywhere using the platform’s online portal.

In addition, the EUG will host Egypt's upcoming bid round highlighting lease availability information to national & international investors worldwide.

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