IRN held the worldwide inaugural meeting, Red Sea Oil & Gas 2015 Summit at the Meydan Hotel in Dubai on 23rd-24th February, which was fully endorsed by the Ministry of Energy & Mineral Resources of Jordan, Ministry of Energy & Mines of Eritrea and Ministry of Petroleum & Mineral Resources of Somalia.

Chaired by the General Manager of the General Petroleum Company of Egypt (GPC), Dr. Tarek Hamed, the first day of the Summit began with Ganope’s (Ganoub El-Wadi Petroleum Holding Company) Chairman, Abubakr Ibrahim, presenting the company’s Red Sea and Upper Egypt future plans. Being one of the five entities of the Petroleum Ministry of Egypt, GANOPE just extended the deadline for the 2014 International Bid Round for two additional months to the end of May, with 6 out of the 10 blocks on offer located at Egypt’s Red Sea region. Abubakr Ibrahim gave a thorough overview of the geology and the potential for each one of the offered blocks and revealed that long-term, the company plans to issue multi-client projects.

Tags: IRN