Egypt: Shell puts Western Desert assets up for sale

Issue 402 - 25 Oct 2019
Shell Egypt announced on 20 October that it was putting its onshore upstream assets in the Western Desert up for sale in order to concentrate on growing its Egyptian offshore exploration and integrated gas business.Wood Mackenzie values the assets, managed by the Badr El Din Petroleum Company joint venture with Egyptian General Petroleum Corporation, at $775m. “Shell’s portfolio in the Western Desert is centred around five key areas, with an average production of about 110,000 boe/d in 2019.

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