Shell won exploration rights in the North Um Baraka concession in the Western Desert, Oil Minister Tarek El Molla announced yesterday, Al Borsa reports. No details were provided on the expected investment value.
El Molla, Shell VP Sami Iskander, and Shell Egypt Managing Director Gasser Hanter also met yesterday discussed drilling new wells in its concessions, Al Masry Al Youm reports, providing little detail. The Shell officials said their company is moving to increase production from its concessions in the Western Desert and in the Mediterranean.
