Established in 2001, adopting an effective action plan to organize and diligently handle the activities of the natural gas resources of Egypt, to encourage investment in the country’s natural gas sphere due to its importance to the economy of Egypt
The LNG chain spans from exploration, through processing and production, to downstream projects in liquefaction and distribution. The output of Train 1 is fully purchased by Gaz de France for 20 years and comprises 10% of France’s natural gas consumption; whereas the output of Train 2 is fully purchased by BG Gas Marketing
Although EGPC, which was established in 1962, has since lost the oil sector in Upper Egypt, the gas sector to Egas and the petrochemical sector to Echem, EGPC remains a huge concern. It is integrated with major upstream and downstream oil operations. It functions as a holding group and has almost 30 operating subsidiaries and affiliates. In 1964 the Egyptian government nationalized the sole oil concessionaire, Anglo-Egyptian Oilfields. The assets of this company were taken over by General Petroleum Company (GPC), which is now one of EGPC’s operating subsidiaries. EGPC controls all or part of the capital of all Egyptian companies in the oil E&P sector. It holds 50% in all the oil producing joint ventures which are operated by foreign and some Egyptian companies. These JVs are all headed by EGPC executives appointed by the Petroleum Minister.
Effective porosity – Porosity is a rock’s ability to store fluids within it. Effective porosity is the volume containable through the interconnected pores, and is usually less than total porosity. Thus, porosity alone is not enough to ensure that fluids can move through a rock structure. These pores must be interconnected in order to have any chance of a predicable reservoir
Edeltech is a private project development company fully owned by the Edelsburg family group that specializes in developing electrical power station projects, as well as construction, operation and maintenance of these projects through joint-venture agreements. The Edeltech group holdings include: Dorad energy (800 MW), Ashdod Energy (55 MW), Ramat Negev Energy (120 MW), Solbar Energy (100 MW), Intel (135 MW), Haifa North (150 MW), Tamar Energy (150 MW). Ampal which owns 12.5% of EMG announced on 19th Oct 2009 that EMG has signed three 18-year gas sale agreements with three Edeltech subsidiaries, worth $1.3 billion altogether. Edeltech is planning to build the private power plants for IDB Holding Corp unit Makhteshim Agan Industries and Solbar Industries at the sites of their industrial plants. The three contracts are with Solad Energy for its 100-megawatt and 90 tons of steam per hour cogeneration plant at the Solbar factory in Ashdod; Ashdod Energy for its 55-megawatt and 40 tons of steam per hour cogeneration plant at Makhteshim’s Agan Chemicals factory in Ashdod and with Ramat Negev Energy for its 115-megawatt and 110 tons of steam per hour cogeneration plant at the Makhteshim Chemicals Works factory in Ramat Hovav.
Expected to be the world’s longest pipeline (2,500 miles) originating in East Siberia and extending to a Pacific port and is Russia’s first pipeline to East Asia. VSTO is regarded as critical by the Chinese and Japanese as they are worried about their dependence on Middle Eastern energy sources and the routes by which the oil is transported. China is thus seeking to diversify its supply base and routes
Earnings per share (EPS) Growth Rate ratio, which are an important measure of an O&G company’s success over time, is expressed as a percentage and it shows the relative growth of EPS over the last two reporting periods. A minus sign indicates negative growth from last year. If the previous year’s EPS-basic is zero earnings per share growth rate is not defined. The formula is the following: = [(current year’s EPS-basic – previous year’s EPS-basic) / Absolute Value(previous year’s EPS-basic)] * 100
E.ON was formed in June 2000 by the merger of VEBA and VIAG, two of Germany’s largest industrial groups. It is today one of the world’s leading power and gas company, with annual sales in 2007 of just under EUR69 billion and close to 88,000 employees and is already the world’s largest investor-owned energy service provider.
Vessel equipped with a heavy-lift crane, capable of holding a precise position through the use of thrusters, thereby counteracting the force of the wind, sea, current, etc.
The engineering plan for constructing the wellbore. The program includes well geometries, casing programs, mud consideration, well control concerns, bit selections, offset well information, pore pressure estimation, economics, etc.
