Royal Dutch Shell to resume deep-water exploration off Egypt - REUTERS

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.

Shell wins E&P tender in North Um Baraka concession - ENTERPRISE / AL BORSA / AL MASRY AL YOUM

Thursday, 22 June 2017

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.

Leviathan gas deal down to the wire ahead of BG-Shell merger vote - ALBAWABA

The gas export deal is under threat due to the ambivalence
of Shell shareholders. (File photo)

January 25, 2016 via SyndiGate.info
Shareholders will vote this week on Shell's takeover bid for BG, which operates the LNG plant at Idku.

The partners in the Leviathan gas reserve need to act fast if they want exports to Egypt to go ahead. Unless an agreement is signed within the next few days with BG, such an agreement is liable to be delayed substantially, at best, or, at worst, to disappear from the agenda. The reason is that BG and Royal Dutch Shell shareholders are due to vote this week on the takeover of the former by the latter. Shell, which operates in Qatar and may do so in Iran as well, will think twice before signing a deal in Israel.