The End of the Giant Discovery Age? Experts Discuss Best Practices in Production Optimization

DUBAI, October 26, 2010 - Regional experts from North Africa and the Middle East are gathering at
an upcoming forum which will investigate new approaches to maximize
production from aging oil reservoirs. Recognizing that the giant discovery
age is over, the forum will feature Egyptian oil producing heavyweights GUPCO
and NOPC as well as other regional leaders such as PDO.

Using water cut control methods is another way of increasing oil
production in North Africa and has been utilized in Petrodar's Sudanese
oilfields. The oil producer's Section Head of Reservoir Engineering, Hafiz
Wahdi Siddiq, will highlight the operating company's approach to the
technique after using horizontal wells while drilling and steadily monitoring
their contact movement.

Extending the reach of these horizontal wells and reducing the problem of
sand management will be discussed by Mahmoud Naguib, the Senior Petroleum
Engineer for Melrose Resources Egypt. His contribution will highlight the
cost minimization of the operating company's cluster drilling in the Nile
Delta and how their operations increased oil recovery through horizontal well
drilling.

Offering a more sobering perspective, Mohamed El Menyawy, the Operations
General Manager for Fanar Petroleum Company in Egypt, will review the end of
the giant discovery age and the jump in development costs, further
compounding the importance of optimizing production.

Production Optimization North Africa is a high level gathering of
production and operations managers and heads of EOR and will take place at
the Cairo Ramses Hilton from 12 - 15 December 2010. For more information
visit www.productionoptimizationafrica.com.

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    For more information, please contact

    Eileen Grace Espelita
    Marketing Manager
    IQPC Middle East
    +971-4-364-2975
    enquiry@iqpc.ae

For more information, please contact: Eileen Grace Espelita, Marketing Manager, IQPC Middle East, +971-4-364-2975, enquiry at iqpc.ae