Arab Finance: The British Giant Oil and Gas Company targets the paralyzing of about $ 300 million in partnership with Petronas in the ongoing excavation work with a deep -western marine Delta privilege as part of the eleventh stage of the concession, according to Al -Arabiya website.
Production is expected to start in the first additional wells this year, and this comes a few days after the shelling of the two areas of exploration in the Red Sea; Where the company began production from the first well in the deep western Delta marine franchise in October at a rate ranging from 30-40 million cubic feet per day.
It is worth noting that Shell is preparing for more exploration work between the Nile Delta and the Herodotus basin, and an exploratory well will be drilled by 2026. The company recently obtained the Mernaith Al -Bahri concession, and is looking to determine a suitable location for exploratory excavation before early 2027.
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