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Shell plans to start operating concessions in Egypt in H2-20

Shell plans to start operating concessions in Egypt in H2-20
Egypt does not owe Shell any arrears

Cairo – Mubasher: Royal Dutch Shell plans to begin operating its concession areas in Egypt during the second half of 2020, the executive vice president upstream JVs at Shell, Gerald Schotman, told Reuters.

In addition, Shell applied to participate in a bidding round for oil and gas drilling in the Red Sea and plans to take part in any bidding in the Mediterranean Sea in the coming period, Schotman added. 

In February, the British-Dutch oil and gas company won two oil and gas concessions in the North African nation.

Schotman also revealed that Egypt does not owe Shell any arrears.