VOL. XLVII

No 20

17-May-2004

EGYPT

Shell Signs North Western Desert E&P Concession Agreement

Shell Egypt and the Egyptian Ministry of Petroleum on 10 May signed an E&P concession agreement for the West Sitra block, which Shell Egypt won during the 2002 bid round. The block is located in the North Western Desert of Egypt straddling the Abu Gharadig Basin where Shell Egypts producing assets and facilities are located. The company said it would pursue a fast-track exploration and production...