Egypt

Shell Acquires North East ElAmriya Offshore Area

Published on : 2022-05-18

A subsidiary of Shell plc, BG International, signed a farm out agreement (FOA) with ExxonMobil Egypt to acquire a 100% stake in the Exxon Mobil-operated (XOM.N) North East El-Amriya offshore area, Mediterranean Sea, also known as Block 3, a Shell statement said on Wednesday.

"On completion of the transfer, BG will become the operator," it added.

Khaled Kacem, Shell’s Vice President and Country Chair for Egypt, also said that the company plans to potentially begin drilling of the first well during the first half of 2023.

Abu Qir Fertilizers Joins Egypt's Green Hydrogen Revolution: MoU with ABB International & MPS Infrastructure

Minister of Petroleum and Mineral Resources, Tarek El Molla, presided over a significant milestone in Egypt sustainable energy journey as he witnessed the signing of a Memorandum of Understanding (MoU) between Abu Qir Fertilizers Company, ABB International Group, MPS Infrastructure Company, and Petrojet.

British Steel Secures Significant Rail Supply Contract in Egypt

British Steel, a prominent UK company, has secured a lucrative multi-million-pound contract to supply rail infrastructure for a significant new route in Egypt.

Egypt Set to Launch Solar Power Station at ASORC

Enppi and Petrojet, leading entities in engineering, contracting, and construction within the petroleum sector, have been entrusted with executing a solar-powered electric generation station project, generating 10 megawatts, at the Assiut Oil Refining Company (ASORC)