Egypt: Cairn buys Shell’s Western Desert assets

Issue 434 - 11 Mar 2021 | 2 minute read

Cairn Energy and its local partner Cheiron Holdings have acquired a potential counter-cyclical bargain with their $646m acquisition of Shell’s Western Desert assets. The eight production concessions are operated via the Bapetco joint venture with Egypt General Petroleum Corporation (EGPC). There are also five exploration blocks, which will be operated by Cairn itself. Shell is understood to have wanted $1bn for the concessions when it first put them on the market in October 2019, although they were valued by consultancy Wood Mackenzie at $775m.

Tagged with:

Pin Egypt

Want to read more?

Small article


(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map


Transmission and interconnections – towards a Continental System Master Plan

Africa Investment Exchange (AIX) power transmission event

6 December 2022, online

This online roundtable will evaluate progress towards a Continental System Master Plan for transmission infrastructure and cross-border interconnections and consider the impact which this plan will have on African electricity supply industries.

The roundtable is part of the monthly AIX membership programme and will be chaired by African Energy's John Hamilton with contributions from guests.

Book your ticket here

The meeting is free for all AIX members and African Energy subscribers.