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Effective URL: https://oilreviewmiddleeast.com/exploration-production/egypt-signs-agreements-to-increase-oil-gas-production
Submission: On August 10 via api from SA — Scanned from GB
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SIDEBAR × * Home * E&P * Industry * Petrochemicals * Energy Transition * HSE * Technology * Events * Event List * Event News * ADIPEC Videos * Webinar * Magazine * Magazine Archive * Subscribe * More * About us * Contact Us * About Us * Advertise * Contact Us * Event Listings * Magazine Archive * Privacy Policy * Subscribe * Terms of Use Oil Review Middle East ORME * Home * E&P * Industry * Petrochemicals * Energy Transition * HSE * Technology * Events * Event List * Event News * ADIPEC Videos * Webinar * Magazine * Magazine Archive * Subscribe * More * About us * Contact Us 1. You are here: 2. Home 3. E&P 4. Egypt signs agreements to increase oil & gas production EGYPT SIGNS AGREEMENTS TO INCREASE OIL & GAS PRODUCTION Details 29 July 2024 The agreements will boost production in the Mediterranean and Suez Gulf. (Image source: Adobe Stock) Exploration & Production > Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has signed > agreements to boost oil and gas production with Shell Egypt and Cheiron Energy > to boost oil and gas production in the Mediterranean and Suez Gulf > > The minister, Shell Egypt’s vice president and country chair Dalia El Gabry, > and Egyptian General Petroleum Corporation (EGPC) chairman Alaa El Batal have > signed an agreement between EGPC, Shell and Malaysia’s Petronas to invest > US$222mn in the 10th phase of gas production in the West Delta Deep offshore > area to boost production. It will involve the drilling of three wells to > produce natural gas and establish marine facilities to bring the wells into > production. > > Before the signing, Badawi and El Gabry held a meeting where the Minister > stressed the government’s commitment to working with Shell, a key player in > Egypt’s energy sector, to increase gas production in the Mediterranean, while > El-Gabry confirmed Shell’s commitment to Egypt and its plans to invest in new > exploration and production projects. > > The minister also met with a delegation from Cheiron Energy and signed a > US$120mn deal with the company and KUFPEC to boost oil production in the Suez > Gulf. The agreement includes drilling nine wells in the Geisum and Tawila West > area in the Suez Gulf, including three exploration wells. It is envisaged that > the investment will increase oil and gas production in the Gulf of Suez from > 21,000 bpd to 26,000 bpd. Facebook LinkedIn WhatsApp X Copyright © 2024 Alain Charles Publishing Ltd. ✓ Thanks for sharing! AddToAny More…