Shell Announces New Natural Gas Discoveries In Egypt's Western Desert
CAIRO, Aug 31 (Reuters) - Royal Dutch Shell announced on Wednesday new natural gas discoveries in a concession area of north Alam El-Shawish in Egypt's western desert.
The initial quantities discovered were estimated at about half a trillion cubic feet of gas with more possible reserves, Eden Murphy, chairman and CEO of Shell said in a statement.
The discovery could produce from 10 to 15 percent of the total production of Badr el-Din Petroleum company, which is a joint venture acting on behalf of the state-owned Egyptian General Petroleum Corporation (EGPC) and Shell in production operations, Murphy added.
Shell owns the license of the entire area, which includes the well. Badr el-Din is expected to manage the operations.
(Reporting by Alaa Roushdy; Editing by Ruth Pitchford)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- About 75,000 Bpd Of Gulf Oil Output Still Shut After Shell Fire (Nov 15)
- Shell's Pennsylvania Project Hits Milestone (Nov 08)
- Shell Enchilada Oil Platform In Gulf Of Mexico Shut After Fire (Nov 08)