Shell began producing natural gas from its deepwater Silva well at the West Nile Delta field 9B earlier this month at a rate of 60-80 mcf/d, according to an Oil Ministry statement. The well is the third to come online at the field, after East Sfeir and East Swan which began production in October. The remaining three wells in the USD 600 mn 9B area are scheduled to begin production by March 2020.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…