Egypt, Shell, Petronas ink exploration agreement

SHELL

An oilrig of Royal Dutch Shell.

Egypt also signed a second $10 million deal with Rockhopper, Kuwait Energy and Canada’s Dover Corporation for exploration in the Western Desert.


Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
+

Egypt Petroleum Ministry said the country has signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysian Oil and Gas company Petronas worth around $1 billion for eight wells in the country’s West Nile Delta, Reuters reported.

Egypt also signed a second $10 million deal with Rockhopper, Kuwait Energy and Canada’s Dover Corporation for exploration in the Western Desert, according to the ministry.

Italian energy major ENI has made a natural gas discovery at Egypt’s massive Zohr field. Egypt hopes to become an liquefied natural gas (LNG) hub that may be able to supply Europe with natural gas boosting the EU’s energy security.

 

 

 

Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
+