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Oil & Gas

Shell in talks with Ministry to increase its share of Phase 9B gas production

Posted: December 19, 2017 at 9:38 am   /   by   /   comments (0)

BG-Egypt-WDDM-2nd-Stage-Gas-Production

Shell has apparently entered talks with the Oil Ministry to increase its share of gas produced to offset their investment costs from Phase 9B of the West Delta Deep Marine Concession, government sources tell Al Borsa. The company is looking to recoup the investment costs of developing the concession sooner, they added. The company plans to complete developing two test wells in Phase 9B in 1Q2018. BG Egypt, before being acquired by Shell, had suspended work on Phase 9A+ and 9B in March 2016 after the government rejected paying USD 7.00 per mmBtu for Phase 9B.

(Source: Enterprise.press)

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