In this series, I called it Time Flies; we feature our 2 years valuable experience in Egypt. Special mentioned to PETRONAS http://www.petronas.com.my/ who had been here since 2001.
Yes, time flies…just like with a couple of eyes blink, oops, here we are in October, the month when we first stepped our feet in the land called Misr in Arabic or Egypt, which stores many astonishing histories of the past ten thousands years civilization.
But first, let me start with PETRONAS venture to Egypt, without which we will not be able to gain this valuable experience.
PETRONAS’s foray into Egypt began in 2001 when it signed its first farm-in agreement with Royal Dutch Shell plc to explore and develop gas fields in the North East Mediterranean Deepwater (NEMED) concession areas. PETRONAS took a 16 per cent stake in the concession, while Shell, as the operator, held the remaining 84 per cent in the deepwater block.
However, the breakthrough came two years later, when PETRONAS acquired 35.5 per cent interest in the Egyptian LNG (ELNG) http://www.elng.com/ Project at Idku, and a 50 per cent working interest and joint operatorship of the West Delta Deep Marine (WDDM) concession block offshore Egypt from Edison SpA of Italy.
Subsequently, in July 2005, PETRONAS inked a cooperation agreement with Tharwa Petroleum Company of Egypt to create and add value to the oil and gas resources in and out Egypt, and to help develop the human resource capability of its Egyptian partner.
The ELNG Project provides an important international source of LNG that has positioned it to establish a foothold in the Atlantic basin market.
ELNG has been awarded Tri-ISO certification, that is, ISO 9001:2000; ISO 14001:2004 & OHSAS 18001 in 2007 by SGS.
Quoting the President of PETRONAS, Tan Sri Dato’ Seri Hassan Mohamad Merican during LNG 15 Conference in Barcelona 2007, under the theme of “sustaining LNG Business through Partnership”, he says: “The LNG industry is built on a strong foundation of partnerships. Relationships fostered in the early days of LNG market still prosper today”.
“The flexibility and importance of long-term mutual benefits is a prominent feature in the relationship anchored on mutual understanding, respect and trust”
“These elements and values have stood the rest of time and I strongly believe that the long-term relationships will continue to be the foundation for a robust and healthy LNG industry”. Unquote.
Yes, time flies…just like with a couple of eyes blink, oops, here we are in October, the month when we first stepped our feet in the land called Misr in Arabic or Egypt, which stores many astonishing histories of the past ten thousands years civilization.
But first, let me start with PETRONAS venture to Egypt, without which we will not be able to gain this valuable experience.
PETRONAS’s foray into Egypt began in 2001 when it signed its first farm-in agreement with Royal Dutch Shell plc to explore and develop gas fields in the North East Mediterranean Deepwater (NEMED) concession areas. PETRONAS took a 16 per cent stake in the concession, while Shell, as the operator, held the remaining 84 per cent in the deepwater block.
However, the breakthrough came two years later, when PETRONAS acquired 35.5 per cent interest in the Egyptian LNG (ELNG) http://www.elng.com/ Project at Idku, and a 50 per cent working interest and joint operatorship of the West Delta Deep Marine (WDDM) concession block offshore Egypt from Edison SpA of Italy.
Subsequently, in July 2005, PETRONAS inked a cooperation agreement with Tharwa Petroleum Company of Egypt to create and add value to the oil and gas resources in and out Egypt, and to help develop the human resource capability of its Egyptian partner.
The ELNG Project provides an important international source of LNG that has positioned it to establish a foothold in the Atlantic basin market.
ELNG has been awarded Tri-ISO certification, that is, ISO 9001:2000; ISO 14001:2004 & OHSAS 18001 in 2007 by SGS.
Quoting the President of PETRONAS, Tan Sri Dato’ Seri Hassan Mohamad Merican during LNG 15 Conference in Barcelona 2007, under the theme of “sustaining LNG Business through Partnership”, he says: “The LNG industry is built on a strong foundation of partnerships. Relationships fostered in the early days of LNG market still prosper today”.
“The flexibility and importance of long-term mutual benefits is a prominent feature in the relationship anchored on mutual understanding, respect and trust”
“These elements and values have stood the rest of time and I strongly believe that the long-term relationships will continue to be the foundation for a robust and healthy LNG industry”. Unquote.
Thank you PETRONAS.
