Total Drilling Plans Fail To Disguise Egypt Deepwater Exploration Stalemate
Total will drill a deepwater exploration well on Egypt’s East El Burullus concession later this year. This will be Egypt’s first post-Revolution deepwater drilling – the first such well since Shell relinquished its giant 42,000 sq km Northeast Mediterranean Deepwater (NEMED) concession in early 2011.
The latest well, in 1,500ms of water, will target deep...