Arab Finance: Shell giant oil and gas giant and its partners withdrew from the exploration areas in the Red Sea in Egypt, which were granted in 2019, according to the Energy News platform. Mays.
The regions, which were previously owned in partnership with Wodeside, Qatar Energy and Mubadala, have included the map of official Egyptian investment opportunities, while the Woodssaid report indicates that the exit is still under implementation. The Red Sea 1 region – which is owned by Chevron Woodside and Egyptian wealth – is the only active region, although drilling plans are still hanging due to the Houthi attacks.
BP has concluded the excavation work in the Fayoum-5 Natural Gas well in the Mamazah area north of Alexandria, according to the giant energy company announced on Thursday.
The Energy Company plans to link the recent discovery with the facilities affiliated with the West Nile Delta project. Four gas reservoirs were discovered in the well.
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