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    Home > Chemicals Industry > International Chemical > Egypt signs $1 billion oil and gas exploration agreements with Shell and Petronas

    Egypt signs $1 billion oil and gas exploration agreements with Shell and Petronas

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
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    Recently, Egypt's oil ministry said it has signed a deepwater oil and gas exploration agreement with Royal Dutch Shell and Petronas worth about $1 billion to explore eight oil and gas wells
    in the West Nile Delta.

    Egypt signs $1 billion oil and gas exploration agreements with Shell and Petronas

    Egypt also signed a second $10 million agreement with Rockhope Exploration, Kuwait Energy and Canada's Dover for exploration
    in the Western Desert, the oil ministry statement said.

    Following a series of major discoveries, including Zohr, Egypt aims to become a regional hub
    for LNG trade.
    The Zohr field holds about 30 trillion cubic feet of natural gas reserves
    .

    Recently, Egypt's oil ministry said it has signed a deepwater oil and gas exploration agreement with Royal Dutch Shell and Petronas worth about $1 billion to explore eight oil and gas wells
    in the West Nile Delta.

    Oil and gas exploration

    Egypt signs $1 billion oil and gas exploration agreements with Shell and Petronas

    Egypt signs $1 billion oil and gas exploration agreements with Shell and Petronas

    Egypt also signed a second $10 million agreement with Rockhope Exploration, Kuwait Energy and Canada's Dover for exploration
    in the Western Desert, the oil ministry statement said.

    Following a series of major discoveries, including Zohr, Egypt aims to become a regional hub
    for LNG trade.
    The Zohr field holds about 30 trillion cubic feet of natural gas reserves
    .

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