Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, made an important visit to the headquarters of Shell International in the British capital, London, as part of his official tour of the United Kingdom. He was accompanied during the visit by Ambassador Sherif Kamel, the Egyptian Ambassador to London, and Engineer Moataz Atef, Undersecretary for the Minister’s Office Affairs. The technical office and official spokesman for the Ministry, and was received by Wael Sawan, CEO of Shell, and Dalia Al-Jabri, Chairman of the Board of Directors of Shell Egypt.
Discussions about enhancing production and future projects
Discussions during the visit focused on the executive position of Shell’s projects in Egypt, especially in the Mediterranean, Red Sea, and West Delta regions. The company’s future plans in the field of research and exploration were also reviewed, in light of joint efforts to enhance production rates. The discussions included the latest developments in the negotiations between Shell and the Egyptian Natural Gas Holding Company (EGAS) have agreed to acquire a new exploration area in the Mediterranean, which supports the company’s expansion plans.
The first well in North Cleopatra and North Marina
The discussions also addressed developments in exploration areas in the Western Mediterranean, where seismic data processing was completed, paving the way for placing the first well in the North Cleopatra and North Marina regions on the production map during the years 2024/2025. This project is a strategic step towards enhancing Egyptian petroleum production. Increasing reliance on local resources.
Exploring the Red Sea… promising prospects
As part of the efforts aimed at exploring new resources, the two sides discussed the executive position of exploration projects in the Red Sea, where an evaluation of the areas there was completed. The discussion also included developing a plan for future drilling in those areas, which contributes to opening new horizons for investment and exploration in this promising region. .
Strengthening partnership to achieve added value
This visit comes within the strategy of the Ministry of Petroleum and Mineral Resources to enhance cooperation with major international companies such as Shell, with the aim of maximizing the benefit of petroleum resources and the distinguished infrastructure that Egypt possesses. These efforts also form part of an integrated vision aimed at achieving energy self-sufficiency and enhancing the country’s position. Egypt as a regional energy center.
The visit concluded with the two sides emphasizing the importance of joint cooperation, as Engineer Karim Badawy praised the major role played by Shell in supporting the Egyptian petroleum sector through its strategic projects that contribute to achieving sustainable development and increasing production rates, in line with Egypt’s Vision 2030 in the energy sector.
