Royal Dutch Shell (NYSE: RDS.A) said it will resume deepwater exploration for oil and gas off Egypt’s Mediterranean coast, executive vice president Sami Iskander told a news conference on April 17.
Egypt is looking to production from recently discovered fields to halt energy imports by 2019.
A petroleum ministry official said in March that new production at Shell’s West Nile Delta field 9B is expected to reach 350 million cubic feet per day (MMcf/d) to 400 MMcf/d by 2019.
Separately, production from the first three wells in the field is set to begin in the 2018 to 2019 fiscal year.
The field is owned by Egypt’s General Petroleum Corp., Malaysia’s Petronas and Shell.
Recommended Reading
BP: Gimi FLNG Vessel Arrival Marks GTA Project Milestone
2024-02-15 - The BP-operated Greater Tortue Ahmeyim project on the Mauritania and Senegal maritime border is expected to produce 2.3 million tonnes per annum during it’s initial phase.
E&P Highlights: Jan. 22, 2024
2024-01-22 - Here’s a roundup of the latest E&P headlines, including FIDs for the Victory and Winterfell fields and new technology updates.
US Raises Crude Production Growth Forecast for 2024
2024-03-12 - U.S. crude oil production will rise by 260,000 bbl/d to 13.19 MMbbl/d this year, the EIA said in its Short-Term Energy Outlook.
E&P Highlights: Jan. 8, 2024
2024-01-08 - Here’s a roundup of the latest E&P headlines including the second biggest deepwater gas find of 2023 and new contract awards.
Activity Offshore Norway Expected to Remain Steady in 2024
2024-01-11 - The Norwegian Offshore Directorate provided updates on 2023 activity, including 14 wildcat discoveries and eight projects going online and urging exploration in frontier areas.