APRIL 17, 2018 / 12:22 PM
Reporting by Ahmed Ismail, writing by Amina Ismail; editing by Jason Neely
ALEXANDRIA, Egypt - Royal Dutch Shell said it will resume deep-water exploration for oil and gas off Egypt’s Mediterranean coast, Executive Vice President Sami Iskander told a news conference on Tuesday.
Egypt is looking to production from recently discovered fields to halt energy imports by 2019.
A petroleum ministry official said last month that new production at Shell’s [WDDM] field 9B (formerly BG) is expected to reach 350-400 million cubic feet per day by 2019.
Separately, production from the first 3 wells in the field is set to begin in the 2018-2019 fiscal year.
The field is owned by Egypt’s General Petroleum Corporation (EGPC), Malaysia’s Petronas and Shell.
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