Offshore staff
CAIRO, Egypt — Shell Egypt has proven gas with the first well of a three-well exploration campaign in the Egyptian sector of the Mediterranean Sea.
The Stena Forth drilled the Mina West discovery on the North East El-Amriya Block in a water depth of about 250 m.
According to Shell, main data have confirmed the presence of a gas-bearing reservoir. However, further analysis will follow to determine the size and recoverable potential.
Khaled Kacem, vice president and country chair of Shell Egypt, said, “Shell, together with its partners, will continue to work towards safely and efficiently reaching the development phase of the block.”
In September the company signed a farm-out agreement with Kuwait Foreign Petroleum Exploration Co. (KUFPEC) giving the latter a 40% stake in the block, with Shell holding the remaining 60% under a partnership with the Egyptian Natural Gas Holding Co. (EGAS).
11.27.2023
