El Molla meets Shell Executives, discuss North Um Baraka concession
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Shell’s Deputy CEO, Samy Iskander, and Shell Egypt’s Vice President & Country Chairman, Gasser Hanter, in the presence of First Undersecretary of the Ministry for Gas and Geological Affairs, Mohamed Mounas, and First Undersecretary of the Ministry for Agreements and Exploration, Ashraf Farag.
During the meeting, El Molla discussed the work plans of Shell Egypt and the available opportunities in research and development, in addition to the possibility of drilling new wells in the company’s concession in the Western Desert and the Mediterranean Sea.
Moreover, Shell representatives reviewed the company’s work programs in the Western Desert region and expedited the development of BTE-2 gas discovery in order to put it online as soon as possible. Shell is planning to increase its production from the Western Desert region and from the deep layers of the Rashid region in the Mediterranean Sea.
Furthermore, El Molla stated that Shell won exploration rights in the North Um Baraka concession in the Western Desert. The agreement will be discussed in the House of Representatives to confirm inking it.
(Source: Daily Oil News)