Tuesday, September 18, 2018
Egypt signed a deep-water oil and gas exploration deal with Shell and Petronas worth around $1 billion for acreage in the West Nile Delta. The companies are expected to drill eight wells, according to Egypt’s petroleum ministry.
In addition to the Shell and Petronas deal, the Ministry of Petroleum signed a deal with Rockhopper, Kuwait Energy and Dover Corp. worth $10 million. This deal is for exploration in Egypt’s Western Desert.