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Tag: Rashid

Wells from phase 9B of Shell’s WDDM concession to come online in October

Posted: September 13, 2018 at 3:04 pm   /   Oil & Gas

Shell to connect 100m cubic feet of gas from 9B phase to production in October. 110m cubic feet decline in gas production from Burullus, Rashid fields, says source. Dutch Shell has completed drilling two wells in phase 9B in Burullus in the West Delta region in the deep waters of the Mediterranean Sea, in order to […]

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El Molla meets Shell Executives, discuss North Um Baraka concession

Posted: June 22, 2017 at 5:22 pm   /   Oil & Gas

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. […]

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Minister of Petroleum visits BP's North Alexandria Gas Projects and reviews progress

Posted: March 14, 2017 at 5:01 pm   /   Oil & Gas

Egyptian Minister of Petroleum, Eng. Tarek El Molla, visited North Alexandria to follow up on project developments in gas fields located in the Mediterranean’s deep water. Bernard Looney Chief Executive of BP for Exploration and Production, and BP North Africa Regional President Eng. Hesham Mekawi accompanied El Molla during his visit to the project’s site. […]

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Report: Shell considering sale of Rosetta block offshore Egypt

Posted: December 24, 2016 at 8:20 pm   /   Oil & Gas

Shell is reportedly looking to sell its Rosetta offshore production license it operates in Egypt. According to Egypt Daily News, the oil and gas giant is giving up on further any development work on the concession located in the Mediterranean Sea due to a lack of economic feasibility. The newspaper cited an unnamed source who […]

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Shell offers Rosetta concession for sale

Posted: December 21, 2016 at 4:25 pm   /   Oil & Gas

The government owes Shell $1.3bn for their share of the gas field, says source. Royal Dutch Shell has offered the Rosetta concession in Rashid for sale to any foreign company. A source close to the company told Daily News Egypt that Shell decided not to carry out any development operations in Rosetta. “Development will be […]

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Minister of Petroleum reviews progress of BP's North Alexandria gas projects

Posted: December 18, 2016 at 11:12 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, met with the Higher Committee, comprised of the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Petrobel, British oil major BP to follow up on the development of the North Alexandria project, Eng. Mohamed Al-Masry EGAS Chairman, Eng. Tarek El Hadidy, […]

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Production from Shell's Rosetta gas field to cease in July

Posted: December 12, 2016 at 4:48 pm   /   Oil & Gas

The company refused to pay for developments to offset the natural decline in production. The daily production of 40bn cubic feet of gas from the Rosetta field in Shell’s Rashid concession area will cease in July 2017, as the company refuses to pay for field development to offset the natural decline in production while dues […]

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BP to process 650 mcf/d of North Alexandria gas at Shell’s Burullus processing plant

Posted: October 18, 2016 at 6:25 pm   /   Oil & Gas

BP’s agreement with Royal Dutch Shell will see gas produced from North Alexandria project at $0.3 per million feet, says source. BP signed an agreement with Royal Dutch Shell to process 650m cubic feet of gas, produced from its North Alexandria project, at Shell’s Burullus station for $0.3 per million feet. A senior source in […]

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Shell in talks with government to increase natural gas supply

Posted: October 13, 2016 at 1:40 pm   /   Oil & Gas

Shell is currently in talks with the government in order to increase exports, as the government seeks to increase supply to the domestic market. The Egyptian government is slowly moving closer to increasing the domestic energy supply and restarting liquefied natural gas (LNG) exports, as the government continues negotiations with Shell to raise the volume […]

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Shell reduces investment in Burullus, Rashid concessions to $158.9 million in operating expenses

Posted: October 10, 2016 at 6:55 pm   /   Oil & Gas

Daily decline rate 10m feet of gas at the company’s concession and there’s no production increase. Royal Dutch Shell reduced its investments for the current fiscal year (FY) in Burullus and Rashid concessions to only $158.9m for maintenance and operating expenses. A source within the petroleum sector told Daily News Egypt that the company allocated […]

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