Shell Egypt, partners join forces to develop 10th phase in WDDM concession
Updated 7/6/2023 12:27:00 PM
Arab Finance: Shell Egypt has signed an agreement with its partners, namely the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC) and Petronas to develop the 10th phase in Egypt’s Nile Delta offshore West Delta Deep Marine (WDDM) concession in the Mediterranean, as per an emailed release on July 6th.
Pending the regulatory approvals, the drilling works will start by the end of 2023 after the arrival of rigs.
The works include the drilling of three wells. The Burullus Gas Company is the operator of the 10th phase.
“This is a significant step towards unlocking further hydrocarbon potential in Egypt’s rich Nile Delta region,” Minister of Petroleum and Mineral Resources Tarek El-Molla commented.
“As a strategic partner to Egypt, we are proud to support the Ministry of Petroleum's vision to transform the sector into an engine for growth and sustainable development,” Shell’s Vice President and Country Chair for Egypt Khaled Kacem said.
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