Petroleum Newsroom

Shell Egypt awarded highest number of blocks in EGPC & EGAS 2018 international licensing rounds

(Increases its investment and footprint in Egypt with five new exploration blocks) 

The Ministry of Petroleum awarded Shell Egypt N.V. (Shell) five Production Sharing Contracts (PSC) for three concession in the Western Desert and two concessions in the Offshore Nile Delta. The award of five blocks is a result of a competitive bid process with other operators in country. Those contracts were signed in the light of Shell’s mission to increase its strategic investments in Egypt. Shell Egypt was awarded the block(s) in February 2019 as part of the Egyptian General Petroleum Corporation (EGPC) and The Egyptian Natural Gas Holding Company (EGAS) 2018 international licensing rounds.

The record award results are in line with Shell’s growth strategy aiming to expand the existing footprint and secure a material position in country. This is evident by the company increasing its onshore natural gas production by driving up activities over the last two years, and launching a new offshore drilling campaign– phase 9B – in the Mediterranean last year, both bringing additional production onstream ahead of schedule and also making a significant offshore gas discovery with its Swan-East 1 well. At the same time Shell has recently pioneered the use of Fishbones technology in the Western desert, where its Bed 9-G well tested at significantly higher rates than expected, unlocking tight gas in the first pilot of its kind. In addition, Shell is currently undertaking the first endeavor in Egypt to unlock tight gas in deep hard rock.

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“Shell is building on more than 30 years of expertise in exploration and production in the Western Desert, a delivery heartland for us over many years, through the Badr El Din Petroleum Company. We are very proud of winning the additional exploration acreage which fits well into Shell’s growth strategy in Egypt. At the same time, we welcome the opportunity to grow our position and footprint in the Nile Delta. Shell has a strong infra-structure position with the West Delta Deep Marine concession- and Egyptian LNG facilities and has firm growth plans to expand its offshore production through an ambitious exploration programme. We are committed to start the exploration operations as soon as possible after final ratification, and will strive to bring any commercial discoveries onstream in record time similar to what we did in our North Um Baraka concession where first gas was brought onstream only 6 months after the concession award and only 40 days after discovery” stated Eng. Gasser Hanter, VP and Country Chairman for Shell Egypt.

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