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EgyptShell Egypt Invests $300 Million to Boost Gas Production and Expand Exploration
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Shell Egypt partners with Petronas for a $300 million investment in the West Delta Deep Marine concession.
The investment will fund the drilling of three new gas wells, adding 90 billion cubic feet of gas.
The company aims to enhance offshore exploration and increase Egypt's LNG export capacity.
Shell's long-term plans include exploratory drilling in the Mediterranean and a focus on deepwater gas production.
Collaborations with EGAS and Petronas align with Egypt’s energy efficiency and emissions reduction goals.
Shell Egypt is making a bold move to enhance its gas production capabilities with a hefty investment of $300 million. The company, in partnership with Petronas, is focusing on the West Delta Deep Marine (WDDM) concession, where it will drill three new wells as part of its broader strategy to meet Egypt's growing energy needs.
In an interview with Alarabiya Business, Dalia ElGabry, President of Shell Egypt, confirmed that the investment will allow the company to tap into an additional 90 billion cubic feet of gas. These new wells will be connected to the existing subsea infrastructure, ensuring a smooth integration into the current production network. Drilling operations have already begun, and the first well is expected to start production by 2025.
This investment comes as Shell ramps up its efforts to expand offshore exploration in Egypt. The company recently completed the West Mena exploratory well in the North East Amriya area and is looking to fast-track further developments. By 2025, Shell plans to focus on deepwater gas production, with additional drilling efforts planned in nearby regions.
Looking ahead, Shell’s exploration ambitions extend into the Mediterranean. By 2026, the company is set to launch exploratory drilling covering areas from the Nile Delta to the Herodotus Basin. Alongside these efforts, Shell is conducting a 4D seismic survey to better assess the remaining recoverable gas in the West Delta area.
Shell’s operations align with Egypt’s broader energy goals. In addition to boosting gas production, the company is working with EGAS and Petronas to create a unified energy system for the West Delta operations, which aims to improve energy efficiency and reduce emissions. These moves underscore Shell’s commitment to not only meeting Egypt's growing domestic demand but also enhancing its role as a regional energy powerhouse. Despite potential fluctuations in production levels due to ongoing field development cycles, Shell is determined to contribute to Egypt’s strategic energy position.
