How are services companies taking advantage of the momentum in Egypt’s oil and gas industry?

Services companies like ours are capitalizing on the growing opportunities in Egypt’s oil and gas industry. We offer a range of services, which can be divided into traditional and technical services. For traditional services, we handle them in-house, while for technical services, we collaborate with specialized contractors through protocols and joint tendering. As the oil price increases, there is a corresponding increase in activities that require our services. Egyptian services companies strive to align their offerings with oil price fluctuations.

What types of services can your company provide to support exploration and drilling operations in the oil and gas sector?

We are equipped to provide a comprehensive range of services to support exploration and drilling operations in both oil and gas. This includes services related to production and refining, as well as maintenance of electrical and mechanical equipment. Additionally, we have expertise in the maintenance of oil wells, drilling, and the implementation of the wells themselves. Furthermore, we are involved in the transportation of petroleum, primarily crude oil and gas, using trucks.

How do you assess the Ministry of Petroleum’s modernization strategy?

The Ministry of Petroleum has shown an open-minded approach toward the reorganization of the oil and gas sector, both upstream and downstream, where significant service provision is required. This strategy aims to position Egypt as a hub for energy and services, and we can already see tangible results. The establishment of the East Mediterranean Gas Forum, with its inaugural meeting held in Cairo in January, is a testament to these efforts. Egypt’s modernization plan also focuses on the petroleum services sector, ensuring the availability of oil products such as petrol. The fuel crisis experienced in the past has been resolved, and measures are in place to ensure energy security, even in the face of natural disasters.

What are the key points of EPSCO’s vision for 2030?

Our vision for 2030 is to become one of the leading petroleum services companies in Egypt and the Middle East, delivering the highest quality services to our customers through our technical expertise and human resources. To achieve this vision, several key points are emphasized. First, we prioritize the development and nurturing of our human resources and provide a conducive working environment. Second, we aim to enhance our profitability and resource base. Third, we focus on agility and adaptability to respond swiftly to market changes. Fourth, we strive to expand our activities beyond Egypt, building strong relationships and ensuring customer satisfaction. Fifth, we aim to establish a robust network of strategic, long-term partnerships and collaborations with subcontractors, partners, and colleagues in the sector. In addition to professional excellence, we are committed to effective risk management, economic sustainability, and social responsibility. We have already taken steps towards our vision by obtaining four ISO certificates in 2018.