Shell Egypt has completed the drilling of the first well in its three-well exploration campaign, Mina West in the Mediterranean Sea, which has yielded promising results
Mina West is located in the North East El-Amriya block. Drilling took place at a water depth of around 250m below sea level in the offshore Nile Delta, with primary data confirming the presence of gas-bearing reservoir. Further evaluation of the acquired data is required to determine the size and recoverable potential of the discovery.
The Stena Drilling for Mobile Offshore Drilling Unit (MODU) – Stena Forth rig – is contracted to carry out the drilling campaign.
Khaled Kacem, vice president and country chair of Shell Egypt, said, 'This discovery is an important step forward for Shell Egypt, bolstering our growth aspirations and ongoing commitment as a key partner in Egypt’s energy landscape. Successful delivery of our current exploration campaign is part of Shell Egypt’s growth strategy. Shell, together with its partners, will continue to work towards safely and efficiently reaching the development phase of the block.'
In September this year, Shell signed a Farm Out Agreement (FOA) with Kuwait Foreign Petroleum Exploration Company (KUFPEC) under which KUFPEC acquired a 40% stake in North East El-Amriya block, with Shell holding the remaining 60% stake, of the partner’s share with the Egyptian Natural Gas Holding Company (EGAS).
