Shell Egypt announced the successful completion of drilling its initial well, Mina West, a win in its three-well exploration campaign in the North East El-Amriya block, situated in the Mediterranean Sea. The drilling operation uncovered a gas-bearing reservoir, Shell Egypt confirmed on November 21.
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The exploration activities were conducted in the offshore Nile Delta at a water depth of approximately 250 meters below sea level. Preliminary data analysis has verified the presence of a gas-bearing reservoir. However, a comprehensive evaluation of the acquired data is necessary to ascertain the scale and potential recoverable resources of the discovery, as outlined by Shell.
To execute the drilling campaign, Shell secured the services of Stena Drilling’s Stena Forth drillship.
Khaled Kacem, Vice President and Country Chair of Shell Egypt expressed enthusiasm about the discovery, stating, “This discovery is an important step forward for Shell Egypt, bolstering our growth aspirations and reaffirming our commitment as a key player in Egypt’s energy sector.”
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He emphasized that the success of the current exploration campaign aligns with Shell Egypt’s growth strategy. Additionally, Kacem reiterated Shell’s dedication, in collaboration with its partners, to advance towards the development phase of the block while ensuring safety and operational efficiency.
Earlier this year in September, Shell inked a significant Farm Out Agreement (FOA) with Kuwait Foreign Petroleum Exploration Company (KUFPEC). Under this agreement, KUFPEC acquired a 40% stake in the North East El-Amriya block, while Shell retained a 60% stake, working in conjunction with the Egyptian Natural Gas Holding Company (EGAS).
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