Latest news with #JohnArdell
Zawya
4 days ago
- Business
- Zawya
Madbouly reviews latest developments at ExxonMobil concessions in Egypt
Arab Finance: Prime Minister Mostafa Madbouly and ExxonMobil's Vice President of Research and Exploration John Ardell discussed the latest developments of the company's concession areas in Egypt, particularly in the Mediterranean region, as per a statement. The meeting also touched upon future cooperation opportunities between the Egyptian government and the international oil and gas company. Ardell highlighted the company's work program in its two natural gas concession areas in the Mediterranean, namely the Cairo and Masry concessions. He also noted that the company deploys modern technologies in its drilling operations, adding that efforts are being intensified after the completion of seismic surveys in both areas. Moreover, Ardell confirmed that ExxonMobil is looking forward to making further discoveries in the Egyptian market. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
See - Sada Elbalad
4 days ago
- Business
- See - Sada Elbalad
PM Reviews Concession Areas in Mediterranean with ExxonMobil
Taarek Refaat Prime Minister Mostafa Madbouly received John Ardell, Vice President of Exploration at ExxonMobil, at the government headquarters in the New Administrative Capital this Sunday evening, to review the status of several of the company's concession areas in Egypt. The Prime Minister began the meeting by affirming that ExxonMobil is a strategic partner of Egypt in the energy sector, expressing his appreciation for the company's activities in the oil and gas sector in the Egyptian market. He noted that today's meeting aims to discuss the status of several of the company's concession areas, particularly in the Mediterranean, as well as to review future cooperation opportunities between the government and the international company. Madbouly told company officials, "I am fully confident in continuing our fruitful cooperation with ExxonMobil, an important and trusted partner." He added that he and the Minister of Petroleum are constantly following up on the company's activities in the Egyptian market and the status of its current projects. In turn, Ardell reviewed the status and work program in the company's two natural gas concession areas in the Mediterranean, Cairo and Masry, and the modern technologies the company will use in drilling operations. He noted that drilling efforts are being intensified after the completion of seismic surveys as part of exploration efforts in both areas. He confirmed that ExxonMobil is accelerating the completion of drilling operations in the two concession areas. He also reviewed the current conditions of deepwater drilling, saying, "We look forward to making more discoveries in the Egyptian market." On his part, Engineer Karim Badawi presented the investment opportunities available in the Egyptian petroleum sector in the fields of natural gas and oil exploration and research, emphasizing that ExxonMobil is one of our most important foreign partners in the oil and gas sector. At the conclusion of the meeting, the Prime Minister affirmed his readiness to provide all possible support and incentives to ExxonMobil to accelerate the drilling process in the Cairo and Masry concession areas. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
