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Tag: Rosetta field

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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Shell’s Idku plant to increase daily LNG export quota to 250 mcf

Posted: December 14, 2016 at 4:32 pm   /   Oil & Gas

Shell has agreed with the Petroleum Ministry to begin gradually increasing its LNG exports from its Idku liquefaction plant to 250 mcf/d, Al Borsa reported. Shell intends to send out LNG shipments every 20 days, he said, adding that the Idku LNG plant should be operating at full capacity by FY2020-2021. This comes as Shell […]

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Is Shell slashing production on Rosetta, Burullus due to arrears?

Posted: December 12, 2016 at 4:51 pm   /   Oil & Gas

Shell will apparently be halting production of 40 mcf/d of gas from the Rosetta field by July 2017, as the anticipated payout from the field would not be worth the costs from any future developments, a senior official from EGAS tells Al Borsa. As noted last month, outgoing Shell Egypt VP and country chairman Aidan […]

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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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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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Ministry of Petroleum to allow BG to export liquefied gas through ADCO

Posted: April 12, 2016 at 11:11 am   /   Oil & Gas

BG withdrew its oil drills from the Burullus field in February before the company was acquired by Shell. The Ministry of Petroleum vowed to allow British Gas Group (BG), now a subsidiary of Shell, to export liquefied gas through the infrastructure of the Abu Dhabi Company for Onshore Petroleum Operations (ADCO). The decision comes after […]

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