VOL. XLVII

No 08

23-February-2004

EGYPT

Shell Announces Two Deepwater Discoveries In NEMED Block

Shell Egypt announced on 16 February it had made two hydrocarbon discoveries in the southwest of its North East Mediterranean Deepwater (NEMED) concession, opening up the prospect of a new wave of exploration in the deepwater areas of the Mediterranean. The partnership, which includes Petronas and Egypts EGAS, completed a three-well drilling campaign and in the process set a new water depth record for...