{"id":561043,"date":"2021-03-23T03:59:25","date_gmt":"2021-03-23T03:59:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/shell-inks-two-offshore-agreements-with-egypt-shifting-focus-to-marine-production\/"},"modified":"2021-03-23T03:59:25","modified_gmt":"2021-03-23T03:59:25","slug":"shell-inks-two-offshore-agreements-with-egypt-shifting-focus-to-marine-production","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/shell-inks-two-offshore-agreements-with-egypt-shifting-focus-to-marine-production\/","title":{"rendered":"Shell inks two offshore agreements with Egypt, shifting focus to marine production"},"content":{"rendered":"

<\/a> Shell has signed two new oil and gas exploration agreements with the Oil Ministry<\/strong> in the Herodotus Basin deepwater sector off Egypt\u2019s western Mediterranean coastline, the Dutch company\u2019s Egypt office said in a press release (pdf)<\/a>. Shell acquired 67% of the 6.8k sqm North Marina and North Cleopatra concessions through its subsidiary BG Delta Limited, which will be in charge of operations. The remaining stake was awarded to Chevron, which acquired 27% through subsidiary Noble Energy Egypt and state-owned Tharwa Petroleum Company, which snapped up 10%.<\/p>\n

Drilling in the concession areas will commence within three years<\/strong> of the agreements being ratified by the House of Representatives, and will continue for three years, the statement said. The companies will run seismic scans in early stages, it added.<\/p>\n

Is Shell hoping to strike a new Zohr? <\/strong>Shell reached an agreement earlier this month<\/a> with Egypt\u2019s Cheiron Petroleum Corporation<\/a> and UK-listed Cairn Energy<\/a> to sell its onshore assets in the Western Desert as it shifts its investment focus in Egypt toward marine and deepwater production. Yesterday\u2019s agreements complement the new strategy, the company said in its press release, adding that western Mediterranean exploration blocks hold great promise for natural gas discoveries. Shell is planning on upping its exploration activities in Egypt, \u201cto contribute to Egypt\u2019s transformation into a regional energy hub,\u201d Chairman Khaled Kassem said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shell has signed two new oil and gas exploration agreements with the Oil Ministry in the Herodotus Basin deepwater sector off Egypt\u2019s western Mediterranean coastline, the Dutch company\u2019s Egypt office said in a press release (pdf). Shell acquired 67% of the 6.8k sqm North Marina and North Cleopatra concessions through its subsidiary BG Delta Limited, […]<\/p>\n","protected":false},"author":1,"featured_media":561044,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,91,803],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-royal-dutch-shell","wpautop","entry"],"acf":{"mongo_id":"90101411-02a2-4f5b-8405-997ea6f3702b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/286.jpg","photo_position":"above","related_issue":[561034],"teaser":"","voice_url":""},"yoast_head":"\nShell inks two offshore agreements with Egypt, shifting focus to marine production - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/shell-inks-two-offshore-agreements-with-egypt-shifting-focus-to-marine-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shell inks two offshore agreements with Egypt, shifting focus to marine production\" \/>\n<meta property=\"og:description\" content=\"Shell has signed two new oil and gas exploration agreements with the Oil Ministry in the Herodotus Basin deepwater sector off Egypt\u2019s western Mediterranean coastline, the Dutch company\u2019s Egypt office said in a press release (pdf). Shell acquired 67% of the 6.8k sqm North Marina and North Cleopatra concessions through its subsidiary BG Delta Limited, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/shell-inks-two-offshore-agreements-with-egypt-shifting-focus-to-marine-production\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-23T03:59:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/286.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/shell-inks-two-offshore-agreements-with-egypt-shifting-focus-to-marine-production\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/shell-inks-two-offshore-agreements-with-egypt-shifting-focus-to-marine-production\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Shell inks two offshore agreements with Egypt, shifting focus to marine production\",\"datePublished\":\"2021-03-23T03:59:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/shell-inks-two-offshore-agreements-with-egypt-shifting-focus-to-marine-production\/\"},\"wordCount\":236,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/shell-inks-two-offshore-agreements-with-egypt-shifting-focus-to-marine-production\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/286.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterpriseAM\",\"oil and gas\",\"Royal Dutch Shell\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/shell-inks-two-offshore-agreements-with-egypt-shifting-focus-to-marine-production\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/shell-inks-two-offshore-agreements-with-egypt-shifting-focus-to-marine-production\/\",\"name\":\"Shell inks two offshore agreements with Egypt, shifting focus to marine production - 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BG will become the sole operator of the block once the transaction \u2014 which is pending government and regulatory approvals \u2014 is\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/251.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643111,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/egypt-signs-oil-and-gas-agreements-with-shell-apex\/","url_meta":{"origin":561043,"position":1},"title":"Egypt signs oil and gas agreements with Shell, Apex","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"Apex International, Royal Dutch Shell sign USD 81 mn in exploration agreements: The Oil Ministry signed three oil and gas exploration agreements for 16 new fields in the Western Desert worth at least USD 81.4 mn with Royal Dutch Shell and Apex International Energy, according to Reuters. The ministry said\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":606784,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/21\/kufpec-to-acquire-40-of-shell-offshore-block\/","url_meta":{"origin":561043,"position":2},"title":"Kufpec to acquire 40% of Shell offshore block","author":"enterpriseam admin","date":"21 September 2023","format":false,"excerpt":"Shell acquired the North East El Amriya block from ExxonMobil in 2022","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1324.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558941,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/03\/oil-gas-news-steps-up-a-gear\/","url_meta":{"origin":561043,"position":3},"title":"Oil + gas news steps up a gear","author":"enterpriseam admin","date":"3 January 2021","format":false,"excerpt":"The Oil Ministry signed nine oil and gas exploration agreements worth more than USD 1 bn with six international and Egyptian companies \u2014 ExxonMobil, Chevron, BP, Total, Royal Dutch Shell, and South Valley Egyptian Petroleum Holding Company \u2014 to drill 17 new wells in parts of the Mediterranean and Red\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/21.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553940,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/14\/qatar-energy-snags-17-stake-in-shells-red-sea-blocks\/","url_meta":{"origin":561043,"position":4},"title":"Qatar Energy snags 17% stake in Shell\u2019s Red Sea blocks","author":"enterpriseam admin","date":"14 December 2021","format":false,"excerpt":"Qatar Energy is set to acquire a 17% stake in two Shell-operated oil and gas exploration blocks in the Red Sea, the oil supermajor announced yesterday in a statement. 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