Middle East Economic Survey

VOL. LIII

No 38

20-Sep-2010

Vegas And Shell Ramping Up Egyptian Production

As a new bid round approaches, many upstream firms still see Egypt as a good place to invest, despite governments late payment of revenues

Shell and Athens-based upstream firm Vegas Oil and Gas are set to boost production at two concessions in Egypt one jointly owned by up to a combined potential increase of 35,500 b/d of oil.

A consortium led by Vegas is evaluating using water injection to...