Shell to resume Egypt deepwater drilling
ALEXANDRIA, April 17, 2018 – Shell is to restart deepwater exploration offshore Egypt, international media reported on Tuesday.
The news comes as Egypt is hoping to end energy imports by 2019, Reuters reported, citing Shell’s executive vice-president Sami Iskander.
The company relinquished a block off the Nile Delta in 2011 after unsuccessfully seeking to establish the presence of commercial quantities of gas there for about a decade. Since then, however, a series of discoveries capped by Eni’s Zohr find in 2015 have rekindled interest in the area.