The meeting is part of the ministry's core strategy to accelerate exploration and increase local production to meet national needs. Attendees included senior ministry officials and representatives from global oilfield services company Schlumberger.
The meeting was attended by Dr. Samir Raslan, Undersecretary
of the Ministry for Agreements and Exploration, Dr. Mohamed Radwan, Vice
President of the South Valley Holding Company and Director of the Portal, and
Geophysicist Claudio Leoni, Project Manager from Schlumberger International.
Badawi highlighted the EUG's pivotal role as a digital
platform that offers investors data and technical support to expedite
investment decisions. He directed the team to continuously update the
investment map with new opportunities.
Dr. Radwan detailed the platform's success since its launch
in February 2021. He said 47 companies have become members, and the gateway has
helped attract over $1.2 billion in minimum investments to drill 127 wells
across 51 areas.
Schlumberger representative, Geophysicist Claudio Leoni, outlined the company's vision to increase its investments in developing the gateway's infrastructure and supporting it with the latest technologies.