{"id":569832,"date":"2020-03-09T04:08:54","date_gmt":"2020-03-09T04:08:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/09\/four-bidders-for-shells-onshore-assets-in-egypt\/"},"modified":"2020-03-09T04:08:54","modified_gmt":"2020-03-09T04:08:54","slug":"four-bidders-for-shells-onshore-assets-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/09\/four-bidders-for-shells-onshore-assets-in-egypt\/","title":{"rendered":"Four bidders for Shell's onshore assets in Egypt"},"content":{"rendered":"

<\/a> More companies declare bids for Shell's onshore assets in Egypt:<\/strong> US oil and gas producers Apache and Apex International Energy, have reportedly submitted bids to acquire Shell's onshore assets in Egypt, Al Mal reported citing unnamed sources.<\/a> The companies join other potential buyers, including Cheiron<\/a>and Pharos Energy<\/a>.<\/p>\n

Background:<\/strong> Shell announced last year<\/a> its intention to exit its onshore upstream assets in the Western Desert to focus on expanding its Egyptian offshore gas exploration efforts and appointed Citigroup to manage the USD 1 bn sale. The company was also considering resuming exploration<\/a> at the Rosetta concession in Rashid, which had stopped over a year ago.<\/p>\n

Correction: 09\/03\/2020<\/em><\/p>\n

A previous version of this article incorrectly stated that Energean Oil & Gas had bid for Shell's portfolio, and mistakenly said that PICO and Cheiron are separate companies.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

More companies declare bids for Shell's onshore assets in Egypt: US oil and gas producers Apache and Apex International Energy, have reportedly submitted bids to acquire Shell's onshore assets in Egypt, Al Mal reported citing unnamed sources. The companies join other potential buyers, including Cheironand Pharos Energy. Background: Shell announced last year its intention to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[915,294,198,93,72,91,4585,1425,594,2380,4749],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569832","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-apache","tag-citigroup","tag-energean","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-onshore","tag-rosetta","tag-shell","tag-speed-round","tag-westen-desert","wpautop","entry"],"acf":{"mongo_id":"98f7eed0-9409-4e69-98cd-c045d739d168","is_powered_by":true,"section_story_id":"67616b2c-7350-4ad6-b871-cb9e11ffc1bd","story_type":"1","photo_url":"","photo_position":"above","related_issue":[569821],"teaser":"","voice_url":""},"yoast_head":"\nFour bidders for Shell's onshore assets in Egypt - 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\/2020\/03\/09\/four-bidders-for-shells-onshore-assets-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Four bidders for Shell's onshore assets in Egypt\" \/>\n<meta property=\"og:description\" content=\"More companies declare bids for Shell's onshore assets in Egypt: US oil and gas producers Apache and Apex International Energy, have reportedly submitted bids to acquire Shell's onshore assets in Egypt, Al Mal reported citing unnamed sources. 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Previous reports had indicated that Cairn Energy was part of a consortium that initially included\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\/2020\/7\/125.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594139,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/shell-to-divest-onshore-assets-in-egypts-western-desert-to-focus-on-offshore-concessions\/","url_meta":{"origin":569832,"position":3},"title":"Shell to divest onshore assets in Egypt\u2019s Western Desert to focus on offshore concessions","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"Shell to divest Western Desert onshore assets to focus on offshore concessions: Shell is planning to divest its onshore upstream assets in the Western Desert \u201cin order to fully concentrate on growing its Egyptian offshore exploration and integrated gas business,\u201d according to a company statement (pdf). 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