TWMA announces partnership for inaugural exploration project, offshore Egypt
Drilling waste management specialist, TWMA*, has announced a landmark partnership with a multinational energy operator for its inaugural exploration project in Egypt. Located offshore in the Mediterranean Sea, the project represents a significant milestone and highlights the expanding potential of Egypt's natural gas reserves, as well as TWMA鈥檚 commitment to expansion across the region.听
Commencing in October 2024, the two-year contract sees TWMA providing comprehensive onshore waste management services from its Alexandria waste processing facility and recently opened offices in Cairo. The scope of work includes the management, transportation, treatment, and disposal of all waste streams including drill cuttings, and features oil recovery through TWMA鈥檚 award-winning RotoMill** technology. Additionally, it involves tank cleaning and other cargo carrying units for supply vessels.听
The project aligns with the Egyptian government鈥檚 vision to enhance natural gas supplies to meet increasing local domestic and industrial demand, expanding export capabilities and the Egyptian economy on a wider scale.
The collaboration also lays the foundation for future initiatives between TWMA and the operator, with potential opportunities for offshore processing of drilling waste and other high-potential projects.
This contract follows TWMA鈥檚 recent $70 million contract win in the Middle East with a leading UAE operator, reaffirming the company鈥檚 commitment to expanding its operations across the Middle East and North Africa region.听
鈥淲e鈥檙e thrilled to embark on this collaboration and contribute to the economic and industrial development of Egypt鈥檚 energy sector,鈥 said Halle Aslaksen, CEO of TWMA. 鈥淭WMA looks forward to a successful partnership that will pave the way for future opportunities in Egypt and across the region. We have worked in collaboration with this operator for over 20 years through various successful projects, and we look forward to continuing this trusted relationship as we embark on our first exploration project in Egypt.鈥
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