Shell completes sale of Western Desert assets in Egypt to Cheiron Petroleum Corp. and Cairn Energy
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The sale was announced on 9 March 2021 and the transaction’s effective date is 1 January 2020. Completion follows receipt of all necessary regulatory approvals.
Shell is refocusing its business in Egypt on its existing infrastructure position in the West Delta Deep Marine (WDDM), the Harmattan Deep Project and Exploration acreage in the new seven blocks in the Nile Delta, West Mediterranean and the Red Sea; in midstream through its Egyptian LNG (ELNG) joint venture; and in downstream through Shell Lubricants Egypt (SLE).
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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/24092021/shell-completes-sale-of-western-desert-assets-in-egypt-to-cheiron-petroleum-corp-and-cairn-energy/
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