The Minister of
Petroleum, Tarek El-Molla has discussed with Joe Rainey,
Halliburton’s Eastern Hemisphere President, bilateral cooperation in light of
the ministry’s strategy to expand in exploration and production (E&P)
activities and professional capacity building, Egypt Oil & Gas reports.
to modern drilling and production enhancing and recovery techniques, as well
as health, safety, and environmental (HSE) standards as one of the ministry’s
The meeting also witnessed
the signing of an agreement for cooperation in the human resource (HR)
management field, in line with the petroleum sector Modernization Project,
which aims at developing modern human resource management systems and
efficiency-based promotions, as well as developing the sector’s middle
management and young professionals.
Osama Mobarez, the
Ministry’s Undersecretary for the Technical Office, and Colby Fuser,
Halliburton’s Vice President for Egypt and Libya signed an agreement for
cooperation in applying the Modernization Project’s HR Management Development
Through the agreement, 20
young calibers will be trained by Halliburton for 6 months, in Egypt and
abroad, with the aim of preparing them to be future leaders within the
Egyptian oil and gas industry.
The program will involve
various professional and technical aspects, ranging from HSE practices,
operations, and digital transformation; to management, leadership skills,
finance, accounting; as well as theoretical and practical training in
Halliburton’s fields. It is the first training program, under
the Modernization Project, to fully integrate the three areas together
in one training.
El Molla stated that this
agreement comes in light of the Egyptian government investments and cooperation
with international oil companies (IOCs) based on mutual
trust, while Rainey ensured that Halliburton looks forward to
expanding the cooperation with Egypt as a result of the positive outcomes they
have witnessed thanks to the structural reforms.