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Discussions with Shell’s Executive Vice President

Source: www.gulfoilandgas.com 6/22/2017, Location: Egypt

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Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Eng. Sami Iskander, Executive Vice President of the International group, Shell and Eng. Gasser Hanter, VP, Country Chair and Managing Director of Shell Egypt in the presence of Eng. Mohamed Mounes, The Ministry’s First Undersecretary for Gas Affairs and Geologist Ashraf Farag, The Ministry’s Undersecretary for Exploration and Agreements.

During the meeting, they discussed the company’s work programs in the Western Desert and fast tracking production from the BTE-2 discovery as soon as possible alongside with intensifying exploration activities in new areas in light of increased possibilities of producing more oil and gas in that promising area, considered an investment attracting area. Shell plans to increase production from the Western Desert as well as from deep layers in Rashid area in the Mediterranean.

The Minister clarified that Shell has recently acquired concession rights in North Om Baraka area in the Western Desert in the latest EGPC Bid-Round, and the agreement will be presented to the Parliament for the necessary procedures needed for signing the agreement.

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