{"id":661969,"date":"2025-03-09T00:00:00","date_gmt":"2025-03-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/09\/shell-and-partners-withdraw-from-their-red-sea-blocks\/"},"modified":"2025-03-09T00:00:00","modified_gmt":"2025-03-09T00:00:00","slug":"shell-and-partners-withdraw-from-their-red-sea-blocks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/09\/shell-and-partners-withdraw-from-their-red-sea-blocks\/","title":{"rendered":"Shell and partners withdraw from their Red Sea blocks"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It was a weekend busy with energy news<\/strong>, between Shell and its partners exiting their Red Sea blocks, BP completing the drilling of its El Fayoum-5 well, and Romanian firms expressing interest in the oil and gas exploration blocks offered by the Oil Ministry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The<\/strong><strong>re\u2019s only one remaining active Red Sea block, after Shell exited Red Sea 3 and <\/strong><strong>Red Sea 4: <\/strong>Oil and gas giant Shell and its partners withdrew from their two Egyptian Red Sea exploration blocks, which they were awarded in 2019, industry publication <a target=\"_blank\" href=\"https:\/\/www.mees.com\/2025\/3\/7\/news-in-brief\/shell-quits-egypt-red-sea-blocks\/0a1ecf80-fb5e-11ef-8700-3f09790c41c5\" style=\"\" rel=\"noopener\">Middle East Economic Survey<\/a> reports. The blocks, which were previously held in partnership with Woodside, Qatar Energy, and Mubadala, are now listed as open on Egypt\u2019s official blocks map, while a Woodside report states that the exit is still in progress. Red Sea Block 1 \u2014 held by Chevron, Woodside, and Egypt\u2019s Tharwa \u2014 is now the only active block in the area, though drilling plans remain on hold due to Houthi attacks. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BP <\/strong><strong>wraps up drilling at its El Fayoum-5 gas well:<\/strong> BP finished drilling at the El Fayoum-5 gas well in its North Alexandria Offshore Concession, the energy giant <a target=\"_blank\" href=\"https:\/\/www.bp.com\/en\/global\/corporate\/news-and-insights\/press-releases\/bp-successfully-completes-drilling-at-el-fayoum-5-gas-well-in-north-alexandria-offshore-concession.html\" style=\"\" rel=\"noopener\">anno<\/a><a target=\"_blank\" href=\"https:\/\/www.bp.com\/en\/global\/corporate\/news-and-insights\/press-releases\/bp-successfully-completes-drilling-at-el-fayoum-5-gas-well-in-north-alexandria-offshore-concession.html\" style=\"\" rel=\"noopener\">u<\/a><a target=\"_blank\" href=\"https:\/\/www.bp.com\/en\/global\/corporate\/news-and-insights\/press-releases\/bp-successfully-completes-drilling-at-el-fayoum-5-gas-well-in-north-alexandria-offshore-concession.html\" style=\"\" rel=\"noopener\">nced<\/a>. BP is working to tie the recent discovery into its West Nile Delta operations. El Fayoum-5 \u201cencountered four prospective Messinian gas reservoirs.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cThis reinforces BP\u2019s commitment to Egypt and its growing energy needs. With Raven Infills Phase 2 already contributing to production, we're now fast-tracking the El King and Fayoum discoveries to tie into our West Nile Delta infrastructure,\u201d BP EVP Gas and Low Carbon William Lin said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Agiba <\/strong><strong>accelerates development of Iris field:<\/strong> Agiba \u2014 a JV between energy giant Eni subsidiary IEOC and the Egyptian General Petroleum Corporation (EGPC) \u2014 has successfully expedited the development of the Iris field in the Western Desert, according to an Oil Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/pfbid0VrJ5R4xBxmQxRLq5oDFBBRRW4HmKJ8Z6uwgHwJHT4ctpazuuKkG2Z3BFSxeXx1MSl\" style=\"\" rel=\"noopener\">statement<\/a>. The development currently involves three production wells ensuring stable output of 8.5k barrels of oil per day.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Three <\/strong><strong>Romanian firms want a piece of the 13 oil and gas exploration blocks across <\/strong><strong>the Mediterranean and Gulf of Suez <\/strong>the Oil Ministry is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f97f4f7a-5420-4c59-ae7d-ae008f304a86\/%253cmark%253e%253c%2Fmark%253erobbiki%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eleather%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ecity%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eis%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253egetting%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ean%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eegp%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e2%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebn%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eturkish%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eproject%253cmark%253e%253c%2Fmark%253e%3F\" style=\"\" rel=\"noopener\">offering to investors<\/a>, head of the Egyptian-Romanian Business Council Ahmed El Sokkary told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/03\/08\/1874064\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The companies will put in their offers over the coming few weeks, he said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- BP wraps up drilling at its El Fayoum-5 gas well<\/p>\n","protected":false},"author":1,"featured_media":661970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[8739,196,93,72,9154,91,594],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-661969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-agiba-petroleum","tag-bp","tag-energy","tag-enterpriseam","tag-gasco","tag-oil-and-gas","tag-shell","wpautop","entry"],"acf":{"mongo_id":"dbd3147e-9626-4900-ba51-e1e377b73506","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/587.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Shell and partners withdraw from their Red Sea blocks","related_issue":[661954],"teaser":"PLUS- BP wraps up drilling at its El Fayoum-5 gas well","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.d0116f95-aece-43a8-8183-d07c90951890.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The agreement, which is subject to government and regulatory approval, signals the first entry by the Qatari energy giant into Egypt\u2019s\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/331.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589549,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/05\/oil-majors-to-invest-usd-1-8-bn-here-by-2025-in-search-for-gas\/","url_meta":{"origin":661969,"position":1},"title":"Oil majors to invest USD 1.8 bn here by 2025 in search for gas","author":"enterpriseam admin","date":"5 July 2023","format":false,"excerpt":"Chevron, Eni, ExxonMobil, Shell, and BP will drill a total of 35 wells by 2025","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/101.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594096,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/shell-to-start-work-on-three-concession-areas-in-2h-2020\/","url_meta":{"origin":661969,"position":2},"title":"Shell to start work on three concession areas in 2H 2020","author":"enterpriseam admin","date":"20 October 2019","format":false,"excerpt":"Shell to start work on three oil and gas concessions in 2H 2020: Shell plans to begin operations at three oil and gas concessions it won in February during 2H 2020, Gerald Schotman, executive vice president upstream of JVs, told Reuters. 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