Shell to drill new gas wells in the Med: Shell is set to begin drilling new gas exploration wells at its concession areas in the Mediterranean in September, Asharq Busines s reports, citing a government source. The first of these deepwater wells will see Shell investing more than USD 80 mn, the source said, adding that the seismic survey work for three of Shell’s concessions in the Mediterranean has been completed.

Remember: Shell last year acquired 100% of the North East El Amriya offshore gas block from ExxonMobil. In 2020, Shell and Malaysia’s Petronas were granted the North Sidi Gaber and Al Fanar concessions, which are close to Amriya. Shell also operates the West Delta Deep Marine (WDDM) offshore gas concession, which is also next door to the Amriya block, in partnership with Petronas. It offloaded its onshore oil and gas assets in the Western Desert in 2021, shifting its focus to other projects including the WDDM concession.

More gas exploration to come this year: Shell and its partners will drill three new development wells in the WDDM concession later this year, the company said last month.

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