Egypt’s untapped opportunities could help offset market uncertainties: Shell MD
- Date: 18-Oct-2020
- Source: Ahram
- Sector:Financial Markets
- Country:Egypt
Egypt’s untapped opportunities could help offset market uncertainties: Shell MD
Egypt has many opportunities that with effort could develop into upstream projects that are resilient to fluctuations and uncertainty in the market amid the Covid-19 crisis, according to Khaled Kacem, country chairman and managing director of Shell companies in Egypt.
Kacem made his comments during a roundtable held Sunday virtually to discuss ways to increase investments in Egypt's brownfields.
Brownfields are oil or gas accumulations that have matured to a production plateau or even progressed to a stage of declining production.
The event was held under the patronage of Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla.
Kacem emphasised the substantial potential for optimising operating costs, with key focus areas that include improving the commerciality of work executed by vendors, introducing more competition and better contract management,