Ganoub El Wadi Holding Petroleum Company

Ganope Main Objectives Cover Ganope Work Areas, as large as possible, by oil exploration & exploitation agreements through tendering its blocks in international bid rounds. Increase Egypt's production & add more certain & possible reserves of crude oil and natural gas. Establish joint venture companies to manage operations on behalf of Ganope & its partners. Encourage investment in petroleum projects. Establish strategic petroleum projects to enhance the development wheel in Upper Egypt. Construct & Supervise: running oil refineries, petrochemical companies, Butagas filling stations, its distribution points & vehicles fuel and services in Upper Egypt. Prepare plans required for developing and modernizing oil and gas industry in Ganope work areas to improve the economic performance of affiliated companies. Prepare feasibility studies to different investments projects and share in choosing the projects sites. Harvest of 3 Years Since the company’s establishment year 2003, and up to 2006, Ganope: Signed 7 agreements with Canadian, English, Emirati, and Australian Companies. Aawarded 5 Blocks to four international companies: Two for an Australian company and one for each of, a Syrian, Indian, and English companies. These concessions were tendered in the international Bid Round 2006. Legal procedures are under way to sign them. Geisum’s gradual fall off production rate was solved and its stability was maintained for a period of three years at an average of 8300 BOPD. This was due to performing operations without using drillers and the usage of the wire unit in safekeeping some wells. Also the hydraulic unit was used in safekeeping HWOU wells and removing strangulations in production facilities. Geisum’s oil, gas and condensates reaming and subject for extraction reserves were updated and increased from 17.4 MMBO to 33.8 MMBO.

Ganoub El Wadi Petroleum Holding Company

Geologist. Hany Nassar

9 Mostafa Refaat St., Sheraton Heleopolis Cairo - Egypt

++ 202 22686657

++ 202 22686658

hnassar@ganope.com

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Geologist. Mohamed Salah Eldin