Ganoub El Wadi Petroleum Holding Company’s (Ganope) signed a new agreement with the Egyptian Branch of the Saudi company Ardiseis, a subsidiary of Arabian Geophysical and Surveying Company (Argas), in presence of Karim Badawi, Minister of Petroleum and Mineral Resources. The agreement aims to implement a 2D seismic survey project in areas of the Southern Western Desert using advanced land node technology, with operations scheduled to begin in the coming weeks. This comes in light of the significant development in Egyptian-Saudi relations in the petroleum and mining sectors.
Badawi stated that this project marks a significant milestone in unlocking new exploration opportunities across promising geological basins, especially in Upper Egypt. He added that it also enhances technical and investment cooperation between the Egyptian and Saudi petroleum sectors.
The Minister also praised Samir Raslan, Undersecretary for Agreements and Exploration, and Mohamed Radwan President of Ganope for Exploration and Director of the Egypt Upstream Gateway (EUG), for their efforts in completing the seismic survey contract and accelerating its implementation in line with the approved timelines.
