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Sunday, 20 October 2019

Shell to start work on three concession areas in 2H 2020

Shell to start work on three oil and gas concessions in 2H 2020: Shell plans to begin operations at three oil and gas concessions it won in February during 2H 2020, Gerald Schotman, executive vice president upstream of JVs, told Reuters. Shell will drill six wells in West Fayoum, five wells in South East Horus, and three wells in South Abu Sennan after winning exploration rights in tenders issued by the Egyptian General Petroleum Corporation and EGAS.

Shell eyes new Red Sea, Mediterranean bid rounds: The company has applied to participate in a bidding round Egypt is holding for oil and gas drilling in the Red Sea, and is interested in participating in any future tenders for Mediterranean concessions, Schotman said.

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