Shell Egypt Invests USD 300M to Boost Gas Production in Egypt

Shell Egypt Invests USD 300M to Boost Gas Production in Egypt, according to Alarabiya News. 

Shell Egypt, led by President Dalia El Gabry, has disclosed a significant investment of USD 300 million in partnership with Petronas. This investment focuses on Phase 11 of the West Delta Deep Marine (WDDM) concession, involving the drilling of three new gas wells. This initiative is projected to develop an extra 90 billion cubic feet of gas, which will be integrated into the existing subsea infrastructure.

Currently, Shell has initiated drilling operations with the anticipation of commencing production from the first well by 2025.

In a strategic move to expand its offshore exploration, Shell recently drilled the West Mena exploratory well in the North East Amriya region and is rapidly advancing its development plans. Looking towards 2025, the company's focus will be on enhancing deepwater gas production and exploring adjacent areas.

Regarding future endeavors, Shell plans to undertake new exploratory drilling in the Mediterranean by 2026, spanning from the Nile Delta to the Herodotus Basin. Additionally, the company is carrying out a 4D seismic survey in its West Delta concession to evaluate the potential for recoverable gas remaining.

In collaboration with EGAS and Petronas, Shell is also working on developing a unified energy system for its operations in the West Delta. This project supports Egypt’s objectives to enhance energy efficiency and reduce emissions.

These efforts underscore Shell's commitment to increasing gas production and meeting Egypt’s rising domestic energy demands, despite the natural ebbs and flows of production levels due to the cycles of field development. Shell’s CEO has highlighted the company's dedication to contributing to Egypt’s ambition to become a pivotal regional energy hub.