ALEXANDRIA, Egypt (Reuters) – Royal Dutch Shell said it will resume deep-water exploration for oil and gas off Egypt’s Mediterranean coast, Executive Vice President Sami Iskander told a news conference on Tuesday.
Thank you for reading this post, don't forget to subscribe!Egypt is looking to production from recently discovered fields to halt energy imports by 2019.
A petroleum ministry official said last month that new production at Shell’s West Nile Delta field 9B is expected to reach 350-400 million cubic feet per day by 2019. [nL8N1R11LS]
Separately, production from the first 3 wells in the field is set to begin in the 2018-2019 fiscal year.
The field is owned by Egypt’s General Petroleum Corporation (EGPC), Malaysia’s Petronas [PETRA.UL] and Shell.
Reporting by Ahmed Ismail, writing by Amina Ismail; editing by Jason Neely
