During the events of Egypt’s International Petroleum conference and show “EGYPS 2020” in its fourth cycle which and sponsored by President Abdul-Fattah Al-Sisi and Engineer Tarek Al-Molla minister of petroleum and mineral resources in the period from the 11th to the 13th of current February.
The Western Desert Operating Petroleum Company “WEPCO” under the leadership of Engineer Ibrahim Massoud Chairman and Managing Director of the company signed a contract with the Egyptian Technology Company “EGPTCO” under the leadership of Accountant Mohamed Moustafa Abo-Ghazy Chairman and Managing Director of the company with the purpose of developing the wells at “BED-1” Field which “WEPCO” is responsible of its management and operation with its 100% Egyptian youthful staff and without foreign partners since 2014.
“EGPTO” is considered the only national company in Egypt working in the field of padding petroleum wells with cement and their maintenance with modern equipment.
Engineer Ibrahim Massoud stated that this contract was instructed by Engineer Tarek Al-Molla minister of petroleum and mineral resources in the period and the strategy of the Ministry of Petroleum to increase the production of crude oil and to expenditure of putting the new wells in operation and their development.
“EGPTCO” was established with “EPSCO” under the umbrella of Egyptian General Petroleum Corporation, and under the leadership of Accountant Mohamed Moustafa Abo-Ghazy Chairman and Managing Director of the company and Yasser Fakhr Al-Deen –PHD the Executive Director, and the membership of the delegates of the Executive Director Engineer Alaa Al-Batal executive vice director of Exploration, Engineer Mohamed Radwan executive vice director of production, accountant Ahmed Shehata executive vice director of companies audit, accountant Tarek Al-Badry assistant director of “EPSCO”, previous minister counselor Magdy Al-Agadty, major general Magdy Shanishen, major general Hussein Al-Kady, Mona Al-Ashry -PHD, and top engineers and exceptional workers all experienced in the field of padding petroleum wells with cement and their maintenance and development.